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US VP Pence celebrates MOU signing

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Hydrocarbon Engineering,

United States Vice President Mike Pence participated in a ceremony celebrating the signing of multiple Memorandums of Understanding (MOUs) in Jakarta, including between Greenbelt Resources Corporation and PT Jababeka Tbk, through its wholly owned subsidiary PT Jababeka Infrastruktur. The MOU marks the first US-Indonesia municipal waste-to-bioproducts project known as JababECO. Along with Vice President Pence were Indonesian Vice President Jusuf Kalla, Greenbelt CEO Darren Eng and Jababeka Infrastruktur Director Tjahjadi Rahardja. The celebration ceremony took place as part of an event to showcase over US$10 billion in trade deals between the US and Indonesia.

The inaugural project will feature Greenbelt Resources' proprietary and innovative ECOsystem technology and will process municipal food waste into a myriad of bioproducts including bioethanol, animal feed, fertilizer and distilled water. For JababECO, the ECOsystem technology alone is valued at US$4.5 million (IDR 59.8 billion) with an additional product sales value of another US$6 million (IDR 79.7 billion) cumulatively over the next five years. When complete JababECO will demonstrate the sustainable circular economy in action by utilising local waste resources to produce locally sold bioproducts.

In 2015, Indonesia's Environment and Forestry Ministry waste management director Sudirman told the The Jakarta Post he was considering declaring a state of emergency regarding waste management. In the same year, ministry data found that an average person produces 0.7 kg/d of waste. With a population of 250 million people in Indonesia, this amounts to 64 million tpy, with the majority dumped in fast filling landfills.

Jababeka & Co. Chairman and Founder Setyono Djuandi Darmono believes that his company is leading the way for a new approach to Indonesia and Jakarta's waste management challenges. "We're building cities of the future that create interconnected communities through the latest and most promising technologies from waste water management to fiber optics to sustainable energy," Darmono explains. "New cities need new and innovative approaches to growth challenges and we believe Greenbelt Resource's JababECO technology will prove to be an ideal local waste solution for our cities' local needs."JababECO is being developed to produce approximately 500 000 gal. of bioethanol as well as protein concentrate to be used as animal feed and a liquid fertilizer. The ECOsystem will include a 24/7 proprietary remote monitoring system developed by Greenbelt, who will provide ongoing technical support and remote monitoring throughout the life of the project.

The JababECO announcement comes on the heels of Greenbelt's announcement of its Paso Robles ECOsystem project coined PRECO, a waste-to-resources project located in Paso Robles, California, US, that will produce half a million gallons of bioethanol from a variety of local feedstocks including waste trub from a nearby brewery and winery wastes. For the company, California represents potential project value of over US$1 billion. Greenbelt plans to raise US$16 million through a Regulation A (RegA) offering it previously filed. A portion of the monies will be used to complete the PRECO project.

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