Tag: Clusters
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Virtuoso bills itself as a “music creation sandbox” but that may be selling it a little short: it’s actually a very intuitive set of training wheels for someone who’s never made digital music before while at the same time being a fun way to make music. You’ll need to go deeper into the practice of […]
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Infocus International brings back Carbon Capture, Utilisation and Storage (CCUS) masterclass
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This course is intended for those in business, commercial and strategically focused roles within the energy sector; in particular those responsible for environmental matters, business sustainability and business transformation in areas such as oil & gas, hydrogen and industrial energy usage.
Attendees will leave with a clearly explained and independent perspective on how, where and why CCUS is happening now and could grow in future - covering the range of technological solutions and business drivers, including policy. In addition to reviewing existing CCUS approaches, the course will highlight new opportunities and integrated value creation possibilities through carbon utilisation. This will include how the fate of CCUS links to other aspects of the clean energy transition, such as clean hydrogen production, industrial decarbonisation and the transition away from oil & gas.
Past attendee from Solar Clear shared, "This course has provided a good understanding and cleared all false expectations about CCUS and of its cross entanglement to the hydrogen sector and the importance of both for decarbonising the world's (or part of the world's) economy."
"The up-to-date information was provided in course. The materials were available before the course, that is why it was possible to think about questions. The course materials were logically structured. The lecturer was highly professional. The organization of course was wonderful. Thank you very much!," said a past participant from Latvenergo.
Course Sessions:
- Carbon sources & capture technologies
- Carbon storage, transport & utilisation
- Hydrogen, carbon and industrial clusters
- Growing CCUS: scalability, markets, policies & strategies
Benefits of Attending:
- Understand the most challenging aspects of the clean energy transition & the role of CCUS in addressing them
- Examine the various technological aspects of the CCUS value chain, from capture through to storage and/or utilisation pathways
- Discuss the key economic and policy variables which will determine how CCUS plays out in different markets
- Review up-to-date examples of projects and strategies from around the world, and evaluate the lessons from them
- Learn the dynamics of the new competitive environment, including the risks of "business as usual" and the importance of industrial clusters in CCUS deployment
- Identify approaches to sustainable strategic planning and new business opportunity assessment
Want to learn more?
Simply email to emilia[at]infocusinternational.com or call +65 6325 0210 to obtain your FREE COPY of event brochure. For more information, please visit https://www.infocusinternational.com/ccus.
About Infocus International Group
Infocus International is a global business intelligence provider of strategic information and professional services for diverse business communities.
Infocus International recognises clients' needs and responds with innovative and result oriented programmes. All products are founded on high value content in diverse subject areas, and the highest level of quality is ensured through intensive and in-depth market research from local and international insights.
Emilia Mok
Tel: +65 6325 0210
Email: emilia[at]infocusevent.com
Website: www.infocusinternational.com
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comInfocus International Group is bringing back the highly recommended Carbon Capture, Utilisation and Storage (CCUS) online masterclass and it will be commencing live on the 5th of July 2022.
Enhancing Indonesian state-owned enterprises (SOEs) through clustering
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On October 14, 2021, Jokowi stated that he was pleased to witness the clustering of container terminal operator and port development firm Pelindo into one holding, which was PT Pelabuhan Indonesia, to cuts logistics costs and helps improve connectivity throughout Indonesia.
According to Jokowi, the clustering forms into one great power, as it builds networking with partnerships abroad. "Through partnering with overseas companies who have networks, the (SOEs') link to all countries can become a huge power," the president remarked.
Through clustering, SOE companies have shown above-standard or even excellent work performance that has contributed significantly to the state budget.
According to data from the National Development Planning Board (Bappenas) in 2019, the estimated total budget for infrastructure development in the period of 2020-2024 was US$447 million or Rp6,445 trillion, and 21 percent of them came from or supported by SOEs.
In the third quarter of 2021, the total assets of SOEs reached some US$610.5 million or Rp8,767 trillion, equivalent to some 57 percent of Indonesia's GDP.
Moreover, in January - September 2021, the total consolidated revenues were closed at Rp1,613 trillion, or grew 14% compared to the same period in 2020.
One of the efforts to enhance state firms' performances is through clustering and restructuring.
Clustering efforts have been accomplished by reducing the number of SOEs from 107 to 41, and sector clustering from 27 to 12, where two deputy ministers each oversee six clusters.
Currently, there are 12 sectors that 41 SOEs engage in: energy, oil, and gas; mineral and coal; insurance and pension funds services; plantations and forestry; and telecommunications and media.
Additional industries include the food and fertilizer industry, tourism and supporting services, health industry, manufacturing industry, infrastructure, logistics, and financial services.
On February 18, 2022, SOEs Minister Erick Thohir announced that he would again downsize the number of state-owned enterprises from 41 to 37 in the next two years.
In addition, he expressed his hope that the next SOEs Minister can complete the reducing program to only 30 state-owned enterprises. With a roadmap for a ten-year period, he has targeted to make the scope of state firms more manageable.
So far, the ministry has encouraged and carried out the SOEs transformation through reducing companies that are considered too large in number, and focusing on inefficient business sectors.
Under his leadership, the transformation is focused on human capital through replacing underperforming board of directors with better ones, so many state-owned enterprises can generate profits for the state.
Through restructuring, holdings, mergers, and acquisitions, Thohir has made SOEs' work performances more efficient.
According to Thohir, the SOEs Ministry distinguishes the strategy of the three pharmaceutical SOEs, where Bio Farma focuses on vaccines, Kimia Farma is focused on chemicals, and Indofarma on herbs. Indonesia has extraordinary potential in the herbal sector, but it has not been explored, so the SOEs Ministry had tried to re-map the path in developing it.
"We know that we import 90 percent of the raw material for medicines, and even medical devices. The COVID-19 pandemic has woken us up that we need to create a roadmap for Kimia Farma to focus on chemicals and Indofarma to be positioned on herbs," he explained.
Thohir said that since health and energy are under the same SOEs ecosystem, a connection between sectors needs to be built.
On the other hand, oil and gas firm Pertamina has begun to build petrochemicals, and one of the derivatives of petrochemicals is to create paracetamol. If Pertamina is merged with a health state firm into one ecosystem, Indonesia would no longer need to import paracetamol.
The ministry also consolidated and launched the tourism holdings and its sub holdings into one cluster, consisting of airport operator Angkasa Pura I and Angkasa Pura II, as well as some aviation and hotel companies.
Thohir put together the infrastructure construction SOE and cement SOE into one cluster, as he viewed that the two need each other and are expected to synergize.
Meanwhile, the tourism, logistics, and support cluster consists of Hotel Indonesia, temple tourism managing firm PT TWC, which manages the temples of Prambanan and Borobudur and Ratu Boko, and Indonesia Tourism Development Corporation (ITDC).
State-owned Bank Negara Indonesia (BNI) also announced that it relied on clustering to strengthen the distribution of smallholder business credits (KUR), as well as to help boost the productivity of Micro, Small, and Medium Enterprises (MSMEs) during the COVID-19 pandemic.
Moreover, on February 23, three state-owned companies have agreed to collaborate on building green industry clusters in Indonesia that will prioritize the efficient and effective use of sustainable resources. The three state firms are electricity company PT Perusahaan Listrik Negara (PLN), oil and gas company PT Pertamina, and fertilizer company PT Pupuk Indonesia.
The clustering efforts began in 2020, as many state firms decided to be merged. Thohir also significantly increased the performance target of SOEs to double their outputs in 2024, especially on profits, which are projected to reach some US$20.8 billion or Rp300 trillion.
To be successful
Performance of banks incorporated in the Association of State-Owned Banks (Himbara) throughout 2021 showed satisfactory results through well-implemented credit restructuring, economist and capital market practitioner Lucky Bayu Purnomo said.
According to Purnomo, credit restructuring has resulted in more efficient and effective management of operational expenditures. In December 2021, the total profit of Himbara banks shot up to US$5 billion or Rp72.05 trillion, significantly increasing by 78.06 percent, compared to 2020 at US$2.8 billion or Rp40.34 trillion.
Thohir said each Himbara bank has a specific business focus, such as BRI prioritizes the MSME and ultra micro-segments, Mandiri is dedicated to enhancing the national corporates and entrepreneurs, BNI on international business, and BTN focuses to reduce backlog numbers and help people, including millennials, to make it easier to purchase a home.
"We hope that Himbara's role can be more prominent and become the main national economic driver through enrichment in various segments that provides positive impacts for stakeholders and Indonesian society," he said.
Previously, SOE holdings that had been formed were plantation holdings under PT Perkebunan Nusantara III, forestry holding under Perum Perhutani, fertilizer holding under PT Pupuk Indonesia, and cement holding under PT Semen Indonesia.
Under Thohir's leadership, the holdings of SOEs that have been completed are the mining holdings under Mining Industry Indonesia (MIND ID), oil and gas holdings under PT Pertamina, pharmaceutical holdings under PT Biofarma, state-owned hospital holdings under Pertamedika IHC, insurance and underwriting holdings Indonesia Financial Group (IFG), and tourism and aviation holdings under Aviasi Pariwisata Indonesia or InJourney.
Fixing SOEs through the establishment of holdings is a task that must be carried out sustainably to yield powerful government-owned corporations that can compete on the international stage.
Photo: ANTARA / HO-Kementerian BUMN / pri
Reporter: Kenzu Tandiah; Editor: Rahmad Nasution (c) ANTARA
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comPresident Joko Widodo (Jokowi) has given a period of one to two years for state-owned enterprises (SOEs) to make fundamental changes to increase their competitiveness.
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