By Dominikus
Shanxi Sunlight Coking Group Holding Co., Ltd. plans to develop a large-scale carbon-based materials project in Indonesia as part of its overseas expansion strategy. The investment, amounting to US$ 286.65 million, will be fully financed by the Chinese side, though the company has not disclosed the exact location or project timeline.
Chairman Xue Dianmin is spearheading the group’s internationalization through newly established offshore vehicles. On September 23, 2024, Shanxi Sunlight incorporated New Sunlight Holding Pte. Ltd. in Singapore, which now acts as the investment holding company for its Indonesian subsidiary.
Subsequently, on November 20, 2024, the group registered PT Anlun New Material Technology in South Jakarta with a total capital of Rp 1.32 trillion (approx. US$ 86 million), divided into 84 million shares. Ownership is split between New Sunlight Holding (80%), HengTong Asia Technology Limited (10%), and XiaMen Defeng Investment Co., Ltd. (10%).
Read also: Guiyang Institute signs carbon-based materials project in IMIP
According to the company’s recent IPO prospectus, the planned project will include a 400,000 tons/year coal tar deep-processing plant, a 300,000 tons/year carbon black facility, a 150,000 tons/year electrode paste line, a 100,000-unit/year crucible production unit, and a subcritical ultra-high temperature 210 t/h tail gas boiler paired with a 65 MW water-cooled power generation unit, along with supporting infrastructure.
Despite registering the company in Indonesia, PT Anlun New Material Technology has not yet commenced commercial operations, and the project site has not been made public. The company's name does not yet appear in Indonesia’s AHU Online system, suggesting that regulatory processing is still underway.
Editing by Reiner Simanjuntak
