Project Summary
PT Sapta Borneo Utama is developing a large-scale integrated agribusiness and renewable energy project combining sugar manufacturing, ethanol production, biomass power generation and plantation development into a vertically integrated industrial platform.
USD 1.0BTotal Project Cost
10,000 TCDSugar Factory Capacity
315,810 TonsAnnual Sugar Production
60 KLPDEthanol Plant Capacity
30 MWBiomass Power Plant
500 HaCore Plantation
Project Location
The project is located in Majalengka Regency, West Java, Indonesia, a strategic region with access to agricultural land, logistics corridors, workforce availability and regional industrial development opportunities.
| Document Owner | PT Sapta Borneo Utama |
|---|---|
| Approved By | President Director |
| Classification | Controlled Document – Confidential |
| Custodian | Corporate Secretary & Data Room Administrator |
| Retention Period | Minimum 10 Years |
| Distribution | Authorized Parties Only |
| Effective Date | 13 June 2026 |
| Review Date | 13 June 2027 |
| Location Factor | Description |
| Strategic Access | Connectivity to regional roads, logistics networks and Java-based consumption centers. |
| Agricultural Base | Potential access to sugarcane development areas and plasma farmer expansion. |
| Labor Availability | Supports construction, factory operations, plantation and logistics activities. |
| Regional Impact | Supports industrial development, employment and rural economic participation. |
| Document Status | Approved & Active |
| Supersedes | None |
| Publication Status | Institutional Data Room Release |
Project Components
| Component | Description | Capacity / Target |
|---|---|---|
| Sugar Factory | Integrated sugar processing facility. | 10,000 TCD |
| Annual Sugar Production | Estimated steady-state production. | 315,810 Tons |
| Ethanol Plant | Fuel ethanol, industrial ethanol and chemical feedstock. | 60 KLPD |
| Biomass Power Plant | Bagasse and biomass residue-based power generation. | 30 MW |
| Core Plantation | Initial plantation development. | 500 Ha |
| Plasma Program | Farmer partnership and feedstock expansion. | 10,000–20,000 Ha |
Capital Investment & Financing
| Item | Value / Term |
|---|---|
| Total Project Cost | USD 1,000,000,000 |
| EPC Contract Value | USD 442,500,000 |
| Financing Structure | Senior Secured Project Finance |
| Debt Tenor | 20 Years |
| Interest Rate | 3.00% Fixed |
| DSRA | 6 Months Debt Service |
Financial Highlights
| Metric | Base Case Value |
|---|---|
| Annual Revenue | USD 198.396 Million |
| EBITDA | USD 109.118 Million |
| CFADS | USD 91.712 Million |
| Annual Debt Service | USD 70.548 Million |
| DSCR | 1.30x |
| LLCR | 1.45x |
| PLCR | 1.60x |
| Project IRR | Approx. 11.8% |
Strategic Rationale
- Supports Indonesia's domestic sugar production capacity.
- Reduces dependency on imported sugar supply.
- Creates renewable energy through biomass power generation.
- Develops ethanol production for fuel, industrial and chemical feedstock markets.
- Supports rural employment and plasma farmer income.
- Creates potential carbon credit and climate value opportunities.
Implementation Schedule
| Phase | Duration | Focus |
|---|---|---|
| Phase 1 | 0–6 Months | Development, permitting, land finalization and financing preparation. |
| Phase 2 | 6–12 Months | Engineering and detailed design. |
| Phase 3 | 12–24 Months | Procurement and long-lead equipment. |
| Phase 4 | 12–30 Months | Construction and installation. |
| Phase 5 | 24–30 Months | Commissioning, performance testing and COD. |
ESG & Community Impact
- Renewable biomass energy generation.
- Potential carbon credit generation.
- Sustainable plantation development.
- Local employment generation.
- Plasma farmer partnerships.
- Regional economic growth.
Project Sponsor
| Company | PT Sapta Borneo Utama |
|---|---|
| Website | www.saptaborneo.com |
| info@saptaborneo.com | |
| Telephone | +62 21 50322435 |
Document Information
| Controlled Copy | Electronic Controlled Copy |
|---|---|
| Custodian | Corporate Secretary & Data Room Administrator |
| Retention Period | Minimum 10 Years |
| Distribution | Authorized Parties Only |
| Document Owner | PT Sapta Borneo Utama |
| Document Title | Project Overview |
| Document No. | SBU-PROJ-003 |
| Project | USD 1 Billion Integrated Sugar Factory Project |
| Location | Majalengka, West Java, Indonesia |
| Document Classification | Confidential |
| Status | Final / Published |
| Prepared For | Lenders, ECAs, Institutional Investors and Strategic Partners |
| Date | June 2026 |
Revision History
| Version | Date | Document No. | Status | Description |
|---|---|---|---|---|
| 1.0 | June 2026 | SBU-PROJ-003 | Final / Published | Project Overview issued for institutional lender data room publication. |
Document Approval Matrix
| Role | Name | Status |
|---|---|---|
| Document Owner | Project Finance Division | Approved |
| Compliance Review | Corporate Secretariat | Approved |
| Executive Approval | Board of Directors | Approved |