Ambassador Suryo Pratomo underlined Indonesia’s commitment to decarbonization and outlined strategies for greener steel production at the Singapore Green Steel Forum.

Speaking at the Panel Discussion of the Singapore Green Steel Forum held at Sands Expo and Convention Centre on 7th May 2024, Ambassador Suryo Pratomo shared insights on the “Progress and Outlook of Global Steel Industry’s Green Transformation.”

Ambassador Suryo Pratomo, representing Indonesia, emphasised the nation’s pledge to reduce GHG emissions by 31.89% by 2030 and achieve net-zero emissions by 2060. With Indonesia emerging as the largest steel producer in Southeast Asia, boasting a production capacity of 16 million tonnes in 2023, projected to rise to 33-35 million tonnes by 2030, Pratomo underlined the importance of accelerating decarbonization efforts. He highlighted the steel industry’s large contribution to global GHG emissions, which is estimated around 7%.

In his discourse, Ambassador Suryo Pratomo outlined Indonesia’s main decarbonization strategies, including the adoption of natural-based solutions (NBS), the establishment of carbon markets, promoting renewable energy sources such as geothermal, solar, and bioethanol, advancing hydrogen and CCUS projects, fortifying the electric vehicle ecosystem, and prioritising the use of local raw materials for industry-specific local content.

The panel, moderated by Prof. Annie Koh of the Singapore Management University, featured notable industry figures such as Mr. Chen Qiang (Managing Director, Boosteel SG), Mr. Ian Hiscock (Head of Consulting, China and SEA, CRU), Mr. Mike Zhang (Managing Director, Global Head of Metals and Mining, DBS), and Mr. Kelvin Fu (Managing Partner, Gunung Capital).

Part of the Singapore International Ferrous Week (SIFW) 2024, the Green Steel Forum’s panel drew an audience of over 700 attendees, highlighting the industry’s interest and commitment to sustainable steel production.

SIFW kicked off with a welcome dinner on 6th May 2024, featuring Low Yen Ling (Minister of State for Trade and Industry ) and the CEO of SGX Group, marking the beginning of a comprehensive discourse on the future of steel production and sustainability.

Source: Indonesian Embassy in Singapore