Category: Industries

The Silica Race (3)

Early last month, Infineon Technologies AG, market leader for power semiconductors, announced expansion of its facilities in Kulim, Malaysia with the construction of the world’s largest 200-milimeter SiC (silicon carbide) Power Fab to anticipate the growing trend of decarbonization worldwide.

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Batam Investments Update

Many countries are looking at Batam, Riau Islands province as an investment destination due to its strategic geographical location. Batam Free Zone Authority (BP Batam) recorded that 83.6% of foreign investment in the Riau Islands in the H1 of 2023 entered Batam with US$348.09 million or Rp5.15 trillion of the province’s total investment of US$416.4 million.

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The Silica Race (2)

Global efforts to combat climate change, combined with geopolitical tension leading to high price of conventional fuels, has led to annual double digit growth of photovoltaic (PV) installations in the past few years. Few weeks ago, Vantage Market Research estimated the global solar PV glass market alone to have US$37.6 billion value by 2030, surged from US$6.5 billion last year.

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More investments in Indonesia’s EV Ecosystem

Indonesia is still waiting final investment decision from giants like Tesla and BASF-Eramet in the electric vehicle (EV) ecosystem. BASF-Eramet is scheduled to make decision in the coming weeks for its US$2.6 billion nickel-cobalt salts smelter in Halmahera, North Maluku province. Forget about Tesla for the time being, because it may not come soon.

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Electric Vehicle: Point of No Return

Market share of new energy vehicle (NEV), dominated by battery electric vehicle (BEV), in China, the world’s second largest automotive market, reached 36.9% last month. Germany, the world’s third largest auto market, saw market share for electric vehicle at 37% last month, jumped from 28.5% in the same month last year.

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Improved connectivity outlook

We have every reason to be optimistic about the country’s connectivity, especially if the next president continues infrastructure projects started massively by President Joko ‘Jokowi’ Widodo. Extension of the light-rail transit (LRT) and mass-rapid transit (MRT) in Greater Jakarta, expansion of high-speed train (HST) from Bandung to Surabaya, and completion of trans-Sumatra toll road program should be done by Jokowi’s successor.

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A more aggressive South Korea

China might have dominated new major investments in Indonesia, which are mostly focused in metal processing (nickel, copper, and silica sands), but South Korea has stepped up presence through some big initiatives as well. Other than Lotte Chemical’s US$5 billion petrochemical project in Banten, LG Energy Solutions and Hyundai have laid foundations for the country’s ambition to become global hub for electric vehicle (EV) ecosystem. 

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