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17 Apr
15:54

Indonesia eyes investment from Basf, Eramet, Volkswagen

German chemical manufacturer Basf is planning to invest around $2.6 billion in a battery materials plant in Indonesia alongside France’s Eramet, according to Indonesia’s investment minister Bahlil Lahadalia. Speaking during a visit to Germany, the official said the project in North Maluku province will boost the EV battery ecosystem and be implemented observing ESG standards. Construction at the battery precursor project will be launched in late 2023, …
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