Bisnis.com, JAKARTA — Indonesia The newly-minted sovereign wealth fund Danantara is slated to invest in the government’s ambitious coal gasification project, which aims to turn coal into dimethyl ether (DME) as a substitute for liquefied petroleum gas (LPG).
The coal gasification project had previously stalled after its main investor, Air Products & Chemical Inc., withdrew. The American company chose to pull out its entire investment commitment from Indonesia’s coal downstreaming projects and redirect its investments to its home country.
