BCPG, the power generation subsidiary of energy conglomerate Bangchak Corporation, is exploring new investment opportunities in Indonesia related to nickel, a vital raw material for manufacturing electric vehicle (EV) batteries reports Bangkok Post.
This initiative followed discussions with Indonesia Battery Corporation (IBC), which operates a nickel mining business and intends to expand its operations in the EV battery and EV ecosystem sectors.
“Initially, we discussed the possibility of collaboration, but those talks were ultimately inconclusive,” noted Rujiroj Leelaruji, a 42-year-old vice-president and energy innovation specialist at BCPG, adding that any future investment project would require approval from Bangchak.
BCPG’s interest in the nickel mining sector aims to broaden Bangchak’s upstream business in lithium mining.
In 2017, Bangchak made an…
