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Starbucks to explore green investment in Papua

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Arabica Wamena (ilustration)

Jakarta (ANTARA) – The American coffee chain company, Starbucks, will begin exploring green investment potential in Papua, Chief of the Investment Coordinating Board (BKPM) Bahlil Lahadalia has revealed. He had witnessed the signing of Starbucks’ investment Memorandum of Understanding (MoU) in the High-Level Meeting on Green Investment for Papua and West Papua at the end of February, Lahadalia said in Jakarta, Friday.

“(The investments are) coffee plantations, coffee shops, as well as exports. There are various steps being carried out, but the investment calculation is in the process,” he said.

After the MoU signing, the company will then send their team to carry out feasibility studies to calculate the investment needs.

“After the feasibility studies, there will be contract signing, and investment funding will begin next month,” he added.

Papua is home to some of the best coffees in the world, one of which is the Arabica beans from Wamena, he further explained.

Unfortunately, coffee in the eastern part of the country has yet to be mass planted, which means the plantations are scattered over several areas, he continued.

Starbucks’ entrance to Papua shows the governments’ efforts to push green investment in Papua.

“We return to seeded local wisdom, which is why we develop nutmeg and cacao as well. We have stopped palm oil production in Papua, as a moratorium has been issued,” Lahadalia said. (INE)

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