ASIATODAY.ID, JAKARTA – The enforcement of the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) has opened new investment opportunities between Indonesia and the European Union.
One of the most strategic collaborations emerging from this momentum is the strengthened partnership between Indonesia’s Sovereign Wealth Fund Daya Anagata Nusantara (BPI Danantara) and French mining giant Eramet, focusing on accelerating nickel downstreaming efforts in Indonesia.
Rosan Roeslani, CEO of Danantara, highlighted that France is currently the third-largest EU investor in Indonesia. He noted that the implementation of IEU-CEPA greatly expands the scope for deeper bilateral cooperation, particularly in the mineral and energy sectors.
“France is now the third-largest EU investor in Indonesia. There remains vast untapped potential for collaboration, especially with the shared commitment supported by the IEU-CEPA agreement,” Rosan stated on Saturday, July 19, 2025.
During the recent Breakfast Business Dialogue with France’s largest business federation, MEDEF International, Rosan and his delegation met with Paulo Castellari, Group CEO of Eramet, and Jerome Baudelet, CEO of Eramet, to explore long-term strategic cooperation. Discussions centered on aligning investment strategies and enabling knowledge transfer to ensure a sustainable future for Indonesia’s downstream mineral industry.
Danantara and Eramet to Build Integrated EV Battery Ecosystem
Following the dialogue, Danantara and Eramet reached an initial agreement to establish a strategic investment platform across the nickel value chain — from upstream mining to downstream processing. The cooperation was formalized in Jakarta, witnessed directly by President Prabowo Subianto and French President Emmanuel Macron during a bilateral meeting at the Presidential Palace.
The partnership aims to build a fully integrated and sustainable electric vehicle (EV) battery raw material ecosystem in Indonesia. Both parties will conduct a comprehensive assessment to identify the most impactful projects while mapping out a long-term roadmap for cooperation.
Pandu Sjahrir, Chief Investment Officer of Danantara, emphasized that this partnership will help position Indonesia as a global hub in the EV battery supply chain. Danantara will be responsible for long-term project financing, while Eramet will contribute technical expertise and operational excellence aligned with international sustainability standards.
“This partnership reflects our shared commitment to world-class nickel downstreaming in Indonesia — a key pillar in enhancing the competitiveness of the national industry. It also integrates global-level technical expertise in sustainable mining to support Indonesia’s green industrial transformation,” Pandu said.
INA Joins the Strategic Effort for Nickel Industrialization
The Indonesia Investment Authority (INA) has also joined the strategic alliance. Ridha Wirakusumah, Chairman of INA’s Board of Directors, expressed strong support, noting that the initiative aligns perfectly with INA’s investment focus on critical minerals and industrial downstreaming.
“This strategic collaboration between Eramet, Danantara, and INA combines world-class technical excellence in sustainable mining with innovative long-term financing structures that drive industrial growth,” Ridha stated.
This collaboration stands as a clear example of how synergy between investors, government agencies, and global partners can accelerate Indonesia’s economic transformation through sustainable, technology-driven industrial development. (AT Network)
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