PT Astrindo Nusantara Infrastruktur Tbk. and PT Humpuss have signed a memorandum of understanding to explore the development of five energy and industrial projects in Indonesia with a combined estimated investment value of USD1.5 billion. The agreement establishes a framework for feasibility studies, technical evaluations, commercial assessments and investment structure discussions for the proposed projects.
The projects under evaluation include the reactivation of a catalytic polymerization unit, a reformate addition project, a crude palm oil refinery for cooking oil production, mini liquefied natural gas facilities and a geothermal-powered data centre and power plant project in Sabang. The companies stated that the collaboration is aimed at developing a more integrated and sustainable national energy ecosystem while supporting industrial and digital infrastructure growth.
Astrindo Nusantara Infrastruktur indicated that projects related to cleaner energy solutions, including mini LNG infrastructure and geothermal-powered data centres, align with the company’s broader strategy focused on environmentally sustainable energy development and ESG principles. The agreement is currently non-binding, and both companies are also considering the establishment of joint venture entities for projects that advance beyond the study stage.