Indonesian President Prabowo Subianto launched 13 downstream projects worth $6.7 billion aimed at processing more of Indonesia's natural resources at home and reducing raw commodity exports, the Jakarta Globe reported April 29. The projects span fuel refining, stainless steel production, copper and gold processing, palm oil biodiesel and other agricultural processing.

The launches build on earlier state-backed processing plans amid a wider 2026 pipeline of 18 projects worth roughly $36.7 billion. This comes as Subianto builds on and widens the scope of his predecessors' resource nationalism policies, which are now more reliant on state capital and direction, as well as export controls.