Danantara Launches Second Phase of Downstreaming Projects Worth Rp116 Trillion
Danantara Indonesia has officially begun the groundbreaking process for 13 downstreaming projects in the second phase, with a total investment value of Rp116 trillion, in Cilacap, Central Java, on Wednesday (29/4/2026).
The inauguration of these strategic projects was conducted by the Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) and CEO of Danantara, Rosan Perkasa Roeslani, as a follow-up step to strengthen the domestic industry. According to Ekonomi, the government is also preparing plans for the third phase of downstreaming.
The third phase is projected to include six projects with a much larger investment value, reaching US$10 billion or equivalent to Rp170 trillion. Danantara targets the implementation of this third phase to begin in 2026.
“For the six projects in the third phase, the value will likely be larger, approximately almost US$10 billion, or around Rp170 trillion,” said Rosan Perkasa Roeslani, CEO of Danantara, in Cilacap on Wednesday (29/4/2026).
Rosan explained that Danantara is currently conducting in-depth studies on aspects of technology, market, and implementation schedules to ensure optimal results. The business processes will strictly adhere to applicable regulations.
The energy, plantation, and fisheries (aquaculture) sectors are the main focus of this downstreaming programme to maximise the potential of national natural resources. In the future, additional sectors will soon be announced by Danantara.
Previously, in February 2026, Danantara had initiated six first-phase downstreaming projects with an investment value of US$7 billion or around Rp110 trillion. The initial projects covered the minerals, food integration, and new renewable energy sectors.
The minerals sector recorded the largest investment contribution in the first phase with an allocation of US$3 billion. Those funds were focused on building an integrated aluminium smelter that includes processing alumina into finished products.
The series of downstreaming projects run by Danantara is estimated to absorb around 3,000 direct workers. The government projects that the multiplier effect from this investment will have a broader impact on the economy of surrounding communities.