INBC Ready to Provide Sustainable Battery Material for G7 Countries
- Press Release
VIVA – A new Indo-pacific Net-zero Battery-materials Consortium (INBC) is launched today, December 16, 2022, in London. The Consortium, backed by Indonesian and UK governments aims to position both Indonesia and the UK at the heart of the global EV supply chain and to be the go-to alternative for sustainable & low-carbon battery materials for G7 countries.
INBC is launched by the Bakrie Group, Envision and a FTSE 100 major producer and marketer of diversified commodities.
“I hope INBC will be able to accelerate developments of battery gigafactories in the UK and across G7 as we need to play our part in the end-to-end global EV supply chain started with Indonesia and the UK, then we can position us as the go-to alternative for ESG-processed nickel and battery materials, rather than the traditional coal-processed battery materials.” said Mr. Anindya Bakrie, Consortium Lead Representative of INBC and CEO of Bakrie & Brothers.
The Consortium is a flagship cooperation to secure low-carbon battery materials from Indonesia to the UK gigafactories and to launch Indonesia’s first net zero industrial park in the Central Sulawesi province of Indonesia.
INBC is committed to process the nickel-based battery materials using green renewable energy sources and ESG-orientated mining principles to ensure the lowest possible carbon footprints as a new alternative to coal-processed battery materials. The INBC plans to process about 84,000 MT nickel per annum, needed to produce approximately 2 million EV cars.
The ESG processing of battery materials will be housed in Indonesia’s first net zero industrial park with 2,000 ha in size powered by rich wind energy resources in Central Sulawesi. The Consortium plans to target new renewable energy generation of 1GW using onshore wind farm.