Indonesia, Russia ink fertilizer investment deal
Investment and Downstreaming Minister Rosan Roeslani confirmed that state-owned PT Pupuk Indonesia is exploring a significant investment in a urea fertilizer plant in Vladivostok.
The President of Indonesia, Prabowo Subianto, announced during the 11th Eastern Economic Forum in Vladivostok, Russia, that an Indonesian state-owned fertilizer company has signed a memorandum of understanding with a major Russian conglomerate. This agreement aims to develop a fertilizer production facility using natural gas from Russia.
Rosan Roeslani, the Investment and Downstreaming Minister and CEO of state asset fund Danantara, confirmed that PT Pupuk Indonesia, the Indonesian company in question, is exploring a significant investment in a urea fertilizer plant in Vladivostok. The minister highlighted the company's improved financial performance and operational efficiency, suggesting it is well-positioned to expand its overseas presence.
The strategic partnership with Russian counterparts is expected to enhance national material security and industrial resilience.
Written by urgent.news from The Jakarta Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
