A mining industrial zone’ manager, PT Indonesia Morowali Industrial Park (IMIP) plans to list its shares in 2021. Most of the proceed from the initial public offering (IPO) will be used to finance its investment funds to build the industrial areas in Morowali, Central Sulawesi in years.
According to the CEO, Alexander Barus, total investment for the four nickel cobalt factories with High Pressure Acid Leaching technology worth of US$3 billion. Now, there are numbers of nickel processing and refining smelters, such as Nickel Pig Iron, ferronickel, stainless steel, and lithium battery components are operated in the industrial areas.
He said, four factories in Morowali will produce nickel cobalt cathodes with a total capacity of 240,000 tons of pure nickel. When this is completed, it will become one of the largest nickel cobalt smelters in the world. In the industrial area, there are also lithium battery recycling plant to built. His company also aimed to build port in the industrial zone.
