PT Indonesia Asahan Aluminum (Inalum) targets aluminum production to increase to 300 thousand tons in 2024. Main Director of INALUM Danny Praditya revealed that this additional production was supported by the completion of an increase in production facilities from the existing smelter in Kuala Tanjung.
"Contractually until August 2024 it will be completed and increase production capacity from 250 thousand to an additional 25 thousand and optimization is expected to add 25 thousand so that the total output is 300 thousand tons per year," said Danny in a Hearing Meeting (RDP) with Commission VII DPR RI, Thursday (24/8).
Danny explained, currently the total need for aluminum for the domestic market reaches 1.2 million tons per year. It is noted that domestic aluminum production has only been carried out by Inalum. Thus, much of the demand for aluminum still has to be met from the import market.
Seeing this opportunity, Danny emphasized that two strategic initiatives for the expansion of brownfield and greenfield aluminum are very important to meet domestic demand.
For this reason, currently Inalum is focusing on completing the Smelter Grade Alumina Refinery (SGAR) project with PT Aneka Tambang Tbk (ANTM).
Phase I of the project is expected to start operating in the second half of 2024. In parallel, Inalum will also search for strategic partners to work on phase II of this project.
"This is also needed to meet the need for brownfield and greenfield expansion from aluminum smelters," explained Danny.
Meanwhile, the US$ 830 million project is being managed by a joint venture between Inalum and Antam, namely PT Borneo Alumina Indonesia. In the joint venture, Inalum holds a 60% stake and Antam holds 40%.
Image source: DOK/MIND ID
Source: www.industri.kontan.co.id/Inalum Siap Kerek Produksi Aluminium Menjadi 300 Ribu Ton Per Tahun
