Indovolt BV VKTR Plans To Build A Nickel Sulphate Plant in Indonesia

PT Bakrie Autoparts, through its business unit VKTR, has signed a memorandum of understanding with Britishvolt to carry out nickel sulphate projects in Indonesia. The nickel sulphate will be supplied to the Britishvolt battery plant in Northumberland, which requires a huge investment of £2.6bn and is scheduled to be commercially operational by the end of 2023.

Bakrie and Britishvold will form a joint venture called Indovolt BV VKTR. The partnership between the two companies includes a roadmap for battery technology development.

Anindya Bakrie, president of the Bakrie Center Foundation, said: "VKTR is keen to sign a memorandum of understanding with Britishvolt and looks forward to working with one of the pioneers in the green battery industry to create a more environmentally friendly battery manufacturing supply chain," As Anindya knows, VKTR's support for the project is a commitment to Bakrie's forward thinking and coincides with the 80th anniversary of the business group, Anin said. Bakrie is now entering a new business era focused on climate change, COVID-19 and capital trends.

"Investment will flow heavily to Indonesia, in line with the country's vision of becoming a producer of batteries for electric vehicles. I am delighted to be part of Indonesia's vision to achieve net zero emissions and look forward to working with VKTR, "said Orral Nadjari, CEO and founder of Britishvolt.

The first phase of the partnership will focus on building a nickel sulphate plant in Indonesia. This is to ensure supplies of raw materials for the Britishvolt battery plant. This means the joint venture will focus on nickel to nickel sulphate processing projects. The smelter will be supported by a renewable power supply. After the agreement is signed, the two sides will look into building electric vehicle battery factories in Indonesia or elsewhere.