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Indika Energy, Altilium Group, and Terra Sustineri Berdaya join forces to launch the DNi Process™ in Indonesia

Published by , Editorial Assistant
Global Mining Review,

PT Indika Energy Tbk. (Indika Energy), Indonesia’s leading investment company with a diversified business portfolio; Altilium Group; and PT Terra Sustineri Berdaya (TSB) are excited to announce their intention to form a new legal entity to promote, market and license the DNi Process™ in Indonesia.

The race to switch to electric vehicles (EVs) and an underinvestment in ore processing plants have led to a diminishing supply of critical battery metals. Significant action is urgently required to develop more processing facilities which are powered by clean technologies.

As a first step, the partnership will collaborate with Indika Energy to commence a feasibility study to build the first DNi Process™ plant in the country. This plant will be designed to produce no less than 16 000 tpy of nickel and cobalt in the form of mixed hydroxide product (MHP), although the plant may be designed to deliver nickel and cobalt sulfates. Altilium Group is being advised in Indonesia by PT HB Capital Indonesia.

At its inception, the DNi Process™ was developed to be utilised in Indonesia to process the nation’s rich reserves of critical metals.

Chris Gower, CEO of Altilium had this to say:

“We are very pleased to partner with Indika and TSB to develop our DNi Process™ in Indonesia. Our aim is to provide the EV industry with a clean, sustainable supply of nickel and cobalt, and help Indonesia to secure its place as a leading player in the worldwide transition to EVs.”

Azis Armand, Vice President Director and CEO of Indika Energy, said:

“Seeing the great potential in the development of electric vehicles in Indonesia, Indika Energy hopes that this collaboration will provide a comprehensive electric vehicle ecosystem in Indonesia and aims to support the country for a more sustainable future.”

TSB Chairman, Heru Dewanto commented:

“TSB is excited to announce its partnership with Altilium and Indika Energy to unlock the potential of the world’s richest nickel reserve through the deployment of the DNi Process™, the very first sustainable and zero-waste nickel processing technology. This initiative will position Indonesia as a major player in the EV value chain to foster global energy transition.”

Altilium’s DNi Process™ is a sustainable, zero-waste technology which negates the need for tailings dams and deep-sea dumping. It also provides licensees with a more profitable, flexible and efficient solution to producing ‘battery-grade’ MHP. This is achievable because the process extracts optimum levels of nickel and cobalt, alongside other saleable metals (Ni, Co, Sc, Fe, Mg, Al) from the entire lateritic ore profile.

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Asian mining news Nickel mining news Cobalt news