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Febriany Eddy on PTVI’s Bahodopi project and commitment to low carbon

July 28, 2021

Febriany Eddy, the new CEO of PT Vale Indonesia (PTVI), and Mark Travers, executive vice president, Base Metals, held a town hall in June. Photo: Vale Archive

During a virtual town hall with Mark Travers, executive vice president, Base Metals, on June 24, Febriany Eddy, the new CEO of PT Vale Indonesia (PTVI), shared with the assembled group how happy – and confident – she is that PTVI is bringing the ambitious Bahodopi project in Indonesia to life. 

“I am extremely delighted with this achievement today,” said Febriany, who joined the company 14 years ago. “We couldn’t have achieved this without the support of Vale and Vale Base Metals.”  

There is no superman or superwoman at PTVI – there is only a super team.

The project has two parts: a mine in Bahodopi, of which PTVI has sole ownership, and a jointly held nickel processing plant in Morowali Regency, Central Sulawesi. Earlier that day, PTVI signed a project cooperation framework agreement with long-term Chinese partner China Baowu and new Chinese partner Xinhai Technology. The signing brings the development of the processing plant one step closer to reality.

Once realized, the plant is estimated to have an annual production of 73,000 metric tonnes of nickel.

But between then and now, there’s a lot of work to be done. “In the next six months,” said Febriany, “we need to get the financing in order, do a feasibility study, finalize the agreement with our partners, and lastly, secure permits. 

“It’s an ambitious target,” she acknowledged, and yet added, “I have never been so confident.” 

Commitment to low carbon

Perhaps as significant as the project itself, was the commitment to making it low carbon. “I just loved the dynamic in the signing ceremony,” said Mark. “Everyone was talking about a green future and the importance of building a project… where we listen to society, do something that is important for our communities and take care of our environment.”

Febriany said the Bahodopi project will take into consideration all three facets of ESG: environmental, social and governance. 

“Working with our partners, we must guarantee that we will minimize the environmental footprint.” According to Febriany, “It was a long negotiation process to convince one of our partners to switch from coal to gas,” which, in the end, was accomplished, thanks to the mutual respect and trust between the companies. 

And she doesn’t stop there. “Going forward, we have to make sure that the supply chain from upstream mining down to the customer is taking responsibility for sustainability, that they are doing their part to reduce emissions.” 

With a commitment to use gas-fired power as opposed to coal at Bahodopi, the plant’s carbon emissions will be reduced by 60 per cent and, in doing so, will support Vale’s company-wide goal to become carbon neutral by 2050. 

From a social perspective (the S in ESG), Febriany said that the financial benefits from this project must go beyond Vale. “We owe it to the people of Bahodopi that the prosperity we bring is for them, too.” She noted that this aligns with our new purpose: We exist to improve life and transform the future. Together.  

And from a governance perspective, she said simply, “Without integrity and transparency, the project means nothing.”  

The town hall wrapped up with Febriany encouraging everyone to build the future we want while delivering on our purpose. “There is no superman or superwoman at PTVI – there is only a super team.” 

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