German-French joint venture to build nickel plant in Indonesia
Germany's BASF and French miner Eramet are finalising a 2.6 billion USD partnership deal to invest in a facility in Indonesia to process nickel for use in batteries for electric vehicles, reported the Indonesian Ministry of Investment on January 18.
Jakarta (VNA) - Germany's BASF and French miner Eramet arefinalising a 2.6 billion USD partnership deal to invest in a facility inIndonesia to process nickel for use in batteries for electric vehicles, reportedthe Indonesian Ministry of Investment on January 18.
ASFCEO Martin Brudermüller was quoted by the ministry as saying: “We would like toconvey that our agreement with Eramet is at the final stage. It is likely thatour decision will be taken in the first half of 2023.”
According to Eramet’s recent investor presentation, the project involves the development of a high-pressureacid leach (HPAL) plant in Indonesia’s Weda Bay toproduce mixed hydroxide precipitate (MHP) from nickel. The new plant is expected to be commissioned in early 2026, subject to afinal investment decision.
The project would♛ be 51% owned by Era🧸met while BASF isexpected to hold the remaining 49%. The plant is anticipated to have acapacity of up to 67,000 tonnes of nickel and around 7,000 tonnes of cobaltcontained in MHP./.
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Illustrative image (Photo: Bloomberg) 
