PT Aneka Tambang (Antam) Tbk expects to complete the establishment of a joint venture (JV) with LG Energy Solution and Contemporary Amperex Technology (CATL) for an integrated electric vehicle battery factory project by the end of this year. Antam Director of Operations and Production Dewa Bagus Sugata Wirantaya said the company is a JV of PT Indonesia Battery Corporation (IBC) with LG Energy Solution and Ningbo Contemporary Brunp Lygend (CBL), a sub-subsidiary of CATL.
"Currently, we are finalizing the preparation for the project's feasibility study and a joint venture," Dewa said in a Hearing Meeting (RDP) with the House's Energy Commission on Thursday. Antam and IBC are currently preparing a roadmap for the battery industry ecosystem for their submission as a National Strategic Project (PSN).
In the electric vehicle battery development project, Antam will be fully involved in the upstream sector, from mining activities to nickel ore processing through High-Pressure Acid Leach (HPAL) and Rotary Kiln Electric Furnace (RKEF) technology at the 13,500 tons per year Tanjung Buli smelter, East Halmahera. "Later, it will produce batteries. IBC will play in the downstream sector for battery recycling activities," Dewa said.
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