PT Vale Indonesia and Huayou Sign Nickel Agreement with Ford Motor Co. Supporting Growth of the Global Sustainable EV Industry - Seite 2

“This agreement shows it’s not just about what we mine – but how we do it,” said Febriany Eddy, PT Vale Indonesia CEO. “We embed our environmental, social and governance standards into everything we do, and the result is a unique collaboration with global automaker Ford and leading global mineral processor Huayou to jointly invest in this project. This global co-operation is in line with Indonesia’s vision to build a domestic EV ecosystem and makes PT Vale an important contributor toward addressing the world’s decarbonization challenge, with an investment that will generate local economic benefits and ensure the optimal utilization of Indonesia’s nickel resources.”

This agreement is the continuation of PT Vale Indonesia’s Pomalaa Block ground-breaking last November. This block is a National Strategic Project with an investment of up to Indonesian rupiah 67.5 trillion and is expected to generate 12,000 construction jobs.

“Huayou is a technology-driven enterprise, and a leading manufacturer of green, low carbon, high ESG standard new energy battery materials. This strategic cooperation is one of the flagship projects under the Belt and Road Initiative and Global Maritime Fulcrum synergy, also links Indonesia nickel and cobalt resources to EV makers via Huayou’s advanced capability and HPAL technology, is a great business model of EV value chain and will make a splendid contribution to the EV industry ecology development of Indonesia. The MHP produced in this project will be processed further into nickel sulphate, cobalt sulphate Li-ion battery materials, and ternary PCAM,” Dr. George Fang, Senior Vice President of Huayou, said. “The joint efforts of three parties aims to create a very positive influence on the economy and social development of Indonesia as well as the global EV industry and its supply chain.”

The project was inaugurated by the Coordinating Minister of Maritime Affairs and Investment, Luhut Binsar Pandjaitan. During his speech, Minister Luhut said Pomalaa Block is the stepping stone for Indonesia to be recognized as a high-quality mineral producer for the global EV ecosystem.

“This partnership affirms PT Vale Indonesia as the premiere supplier and champion of sustainable and low-carbon nickel, building on our 55-year history as a key partner with a commitment to drive lasting socioeconomic benefits for Indonesia on its path to becoming a critical hub for the global EV value chain,” said Deshnee Naidoo, PT Vale President Commissioner and Executive Vice-President of Vale Energy Transition Metals.