Jakarta, July 2 -- Pure Battery Technologies (PBT), an Australian battery materials processing technology company, is planning to develop a precursor Cathode Active Material (pCAM) facility in Indonesia with an estimated investment of US$350 million.

Indonesia's Deputy Minister of Investment and Downstreaming Todotua Pasaribu and Chairman of PBT Stephen Wilmot discussed the investment plan at the Indonesia Investment Promotion Center (IIPC) in Sydney, Australia.

In a statement received here in Jakarta on Thursday, Pasaribu said the Australian company attempts to develop a pCAM industry utilising Mixed Hydroxide Precipitate (MHP) from domestic High-Pressure Acid Leach (HPAL) facilities.

"Indonesia already has HPAL facilities and will so...