IEEFA – Indonesia’s Nickel Companies

The IEEFA report examines the necessity for renewable energy in Indonesia’s nickel industry amid rising production. The report highlights that Indonesia, responsible for over half of global nickel production, is facing significant environmental challenges due to its reliance on coal-fired power for nickel processing. The four main nickel companies—PT Aneka Tambang (Antam), Merdeka Battery Materials (MBMA), Trimegah Bangun Persada (Harita), and PT Vale Indonesia—produced a total of 353,000 tonnes of nickel in 2023, generating substantial greenhouse gas emissions. The report emphasizes the urgent need for these companies to transition to renewable energy sources to mitigate their carbon footprint as they plan to increase production to 1.05 million tonnes by 2028.