Hyundai Motor Group, which includes Hyundai Motor Co and Kia, did not disclose the investment amount, but added it would work with Chinese firms to participate in Guangdong's hydrogen-related projects.
Coal is a key driver of CO2 emissions and governments around the globe have pledged carbon neutrality in the next decades, including China, which has set its target for before 2060.
The government is encouraging coal companies to seek to add value to Indonesia's predominantly lower-rank coal by moving from selling raw coal to downstream activities, Arifin said.
Financials ticked down 0.2% even after the country's banking regulator said banks would no longer have to hold a portion of their profit back starting next year, raising prospects for higher dividends.
In the seven days ending Dec. 6, gas-fired generators supplied around 36% of all electricity consumption, while coal units supplied 23%, with both shares roughly similar to the same point in 2019.