Energy Transition Stream

Why Indonesia?

As Indonesia’s population expands and its economy continues to industrialise, the country’s energy security and sustainability will be challenged. In response, the Indonesian Government has set a target to lift the contribution of renewables to its energy mix from 11% to 23% by 2025. Identifying new sources of energy will be fundamental to Indonesia’s future economic growth, particularly in regional and remote communities, whilst the country’s net zero emissions ambitions will require innovative and new technological approaches.

In February 2023, the Western Australian Government signed a Memorandum of Understanding with the Indonesian Chamber of Commerce and Industry (KADIN) to collaborate in the area of critical minerals. An additional Plan of Action for 2023 to 2025 was signed in July 2023 with a focus on three pillars of cooperation: value-adding, resilient and sustainable critical minerals and battery industry supply chains; sustainable environmental and social governance (ESG) outcomes; and skilled workforce development.

Western Australia is well placed to support Indonesia to explore new and renewable energy sources through its world-class energy expertise, strong ESG frameworks, and leading technology solutions.

Why Western Australia?

Western Australia is primed to play a central role in global critical mineral supply chains as a reliable, ethical and cost-effective supplier of advanced value-added materials. The State boasts a diverse range of battery and critical minerals which has seen Western Australia emerge as a global battery and critical minerals hub. This includes global-scale investments in battery-grade lithium hydroxide and nickel sulphate plants which provide essential inputs for the manufacturing of rechargeable batteries and rare earth processing facilities.

There are strategic and economic benefits of locating midstream battery and critical mineral operations in Western Australia, including:

• increased access to raw material supply

• lower transportation costs and reduced carbon emissions through co-location of mining and processing operations

• robust and transparent regulatory frameworks which meet the highest ESG credentials

• access to world-class export infrastructure and serviced industrial lands.