Grammy's Indonesia saga: Recycling "waste products" to create a market capitalization of 35 billion dollars!

On August 28, 2024, a meaningful inauguration ceremony was held at Bandung Institute of Technology, Indonesia. Mr. Xu Kaihua, Chairman of Grimme Group, and representatives from all walks of life in Indonesia witnessed the birth of the China-Indonesia Joint Research Laboratory of New Energy Materials and Metallurgical Engineering Technology.

On August 28, 2024, a ceremony was held to inaugurate the China-Indonesia Joint Research Laboratory on New Energy Materials and Metallurgical Engineering Technology at the Bandung Institute of Technology, Indonesia.

From the sea in 2018 to now, six years have passed, Greenpeace, the "waste into treasure, recycling" as the core concept of the company, is using practical action, the land of resources into new energy hope.

I. Nickel, the "secret weapon" of new energy vehicles

The story begins with nickel, a precious metal.
Nickel, as the key element of ternary power battery, is the "secret weapon" for new energy vehicles with a range of more than 800 kilometers. However, China's nickel reserves only account for 3% in the world, in the face of the growing demand for new energy, how to find new sources of nickel resources, has become a huge problem in front of China's new energy industry.
Mr. Xu Kaihua, Chairman of Grimme, a leader in the field of recycling economy for many years, has set his sights on the distant Indonesia with his keen market insight and forward-looking strategic vision.

Indonesia at that time, has a wealth of nickel resources, but for a long time because of the lack of advanced refining technology and professionals, and can only watch the valuable resources are wasted. "At that time, Indonesia's high-grade nickel laterite ores containing more than 1.5% of nickel were already in short supply, but low-grade nickel ores containing less than 1.2% of nickel had not been well utilized, and were even directly discarded." Xu Kaihua later recalled in an interview.
However, these low-grade nickel ores, which are regarded as "chicken ribs" in the local area, are treasures in the view of Grammy. Because it contains not only nickel, but also cobalt and manganese, the ratio of these three elements is exactly the formula for high nickel ternary materials.

Second, Grammy opened Indonesia "gold rush"

Raw materials have, but how to nickel cobalt manganese from the low-grade nickel ore extraction, is still in front of the Green America problem.
Trying to extract nickel, cobalt and manganese, three valuable elements, from low-grade nickel ore is not an easy task; either the technology is not mature or the investment cost is too high. Other countries have made attempts, but finally gave up. It can be said that the technical challenges facing Grimme are world-class.
At that time, the traditional smelting process had high energy consumption and high emission, which was not only costly but also caused serious pollution to the environment. In the face of this predicament, Grimme did not retreat, but rose to the challenge, determined to use scientific and technological innovation to crack this problem.

On September 26, 2022, with the official opening of the production line of the first phase of the project to manufacture new energy raw materials from nickel laterite ore in Chingmeibang, Indonesia, Gramercy took a key step in converting low-grade nickel ore in Indonesia into new energy raw materials.
Xu Kaihua led the team to go deep into Indonesia and worked closely with the local government, universities and enterprises to build the China-Indonesia Joint Research Laboratory of New Energy Materials and Metallurgical Engineering Technology.
This laboratory is not only equipped with world-class research equipment and testing instruments, but also brings together top talents from China and Indonesia to work together on the efficient utilization of nickel resources and the research and development of new energy materials.
Eventually, Greenmax has successfully realized the efficient extraction and comprehensive utilization of low-grade nickel ore with its own innovative technology. "Through technological innovation, we have been able to significantly reduce energy consumption indicators and carbon dioxide emissions by up to 90%," Xu Kaihua said proudly.
The birth of this technology not only allows Indonesia to increase the utilization rate of nickel ore from 50% to 100%, but also allows Indonesia to cross directly from the traditional smelting era to the new energy era, saving at least 20 years of catching up time.
Meanwhile, with this technology, Indonesia has become the second largest cobalt producer in the world.

III. "One Million Cultivation Plan" to achieve localization of talents

In Grimme's view, the development of enterprises should not only pursue economic benefits, but also focus on social responsibility and sustainable development.
They are well aware that only by forming a win-win development model with the Indonesian government, enterprises and people can they take root and thrive in this land. Therefore, Grimme's investment in Indonesia is not only limited to the development of nickel resources, but also covers a wide range of areas such as talent training, technology transfer and community development.

"We have proposed a 'one million cultivation program' to train 100 engineering doctors, 1,000 engineering masters and 10,000 craftsmen in six years." Xu Kaihua said. The implementation of this program not only injects new vitality into Indonesia's metallurgical industry, but also provides a solid talent guarantee for Grimme's industrial development in Indonesia.
In addition, Grimme actively fulfills its social responsibility and develops its business in accordance with ESG (Environmental, Social and Corporate Governance) standards. They are committed to green production, energy saving and emission reduction, and community co-construction.
"We need to respect the globally prevailing consciousness and rules, so that the people in the countries of destination for the sea will like the Chinese people, and the local enterprises will recognize that Chinese enterprises are green and civilized, and that Chinese entrepreneurs are reputable."
In Grimme's Indonesian factories, you can also see Chinese and Indonesian workers working side by side, writing a good story of respecting human rights and promoting employment.

Grammy respects the religious beliefs and living habits of Indonesian workers, improves their quality through positive guidance, encourages them to lead their apprentices, and implements the youth backbone training program. Nowadays, the proportion of local Indonesian workers in Grammy's Indonesia factory has reached 80%.
"We not only want to realize the industry and capital to go overseas, but also to form a double-wheel drive of science and technology and education to go overseas." Xu Kaihua said. This concept of Grimme not only allows Indonesian people to enjoy the dividends of technological development, but also provides them with more employment opportunities and better living conditions.

Fourth, the Grimmie Indonesia saga continues

Standing on a new historical starting point, GREENMET will continue to uphold the development concept of "green is the background color, innovation is the gene", and work hand in hand with the Indonesian government, enterprises and people to jointly promote green development. They will continue to work hard on this piece of land in Indonesia and turn more "urban mines" into new energy hope.
"We believe that there is no such thing as a surplus as long as we adhere to innovation, prioritize quality and build high-end production capacity." Xu Kaihua said. This belief of Grimme has not only allowed them to take the lead in the global new energy industry, but has also earned them the respect and trust of the Indonesian government and people.
The story of the Grimme Indonesia saga continues. With their actions, they have interpreted the true meaning of respecting human rights, promoting employment and green development, and set a new benchmark for the development of the world's new energy industry.