Indonesia: Accelerated by Jokowi, the Minister of Industry shows off the success story of CPO downstream
RBD Palm Oil
Published Dec 22, 2022
Minister of Industry Agus Gumiwang Kartasasmita revealed that downstream is important for creating added value so as to be able to attract investment to create jobs. There are three manufacturing sectors that are currently the government's focus. Namely the agro industry, the mining and mineral materials industry, as well as the oil and gas and coal-based industrial sectors.
Jakarta, CNBC Indonesia - "What's interesting is the success story of manufacturing in the agro-industry. The palm oil sub-sector has a clear added value," said Agus at the 2023 Indonesia Economic Outlook event, Wednesday (21/12/2022). He revealed, palm oil is one of the commodities that creates the most added value. Such as cooking oil, margarine, fatty acids, surfactants, to cosmetics. "For the ecosystem of the CPO (crude palm oil) sub-sector, we create a direct workforce of up to 2.5 million people and support 21.4 million people nationally," said Airlangga. From his presentation, until September 2022 exports of palm oil industry products reached US$ 29 billion and it is estimated that the value will exceed that of 2021 which amounted to US$ 32.4 billion. In 2023 it is targeted that the export value of this product will reach US$ 35-40 billion with industrial growth reaching 5-5.5%. Apart from that, Agus explained that nickel is also one of the success stories, one of which ...