Lubrizol and VKTR Lead Industry Dialogue to Advance Sustainable Mining Operations in Indonesia

• Lubrizol and VKTR held an industry dialogue on sustainable mining operations at an event in Jakarta, Indonesia
• The event served as an initial introduction of the Sustainable Mining Operations Alliance, which will focus on capability building, technology adoption, infrastructure upgrades and community development
• A Green Paper outlining key focus areas and a roadmap for practical, coordinated sustainable mining practices was introduced

JAKARTA, Indonesia - Lubrizol, together with its founding partner VKTR, held an industry dialogue on sustainable mining operations, which also served as an initial introduction of the Sustainable Mining Operations Alliance. The event featured panel discussions and the introduction of a Green Paper outlining key focus areas and a roadmap for practical, coordinated sustainable mining practices. The Green Paper is intended as a conversation starter, providing a shared reference point for industry stakeholders, while the Alliance seeks to actively invite input from other industry partners and encourage broader participation to help shape its future direction.

Indonesia's mining sector plays a critical role in national economic growth and global supply chains. Given this importance, stronger attention to environmental performance, operational efficiency, safety, and community impact is increasingly essential. While policies and industry commitments are already in place, translating them into practical implementation across diverse mining operations remains a key challenge.

In response, Lubrizol and PT VKTR Teknologi Mobilitas, Tbk or VKTR, as founding partners, convened the Soft Launch Alliance & Dialogue for Sustainable Mining Operations to provide an industry-led platform for discussion on advancing sustainable mining practices, with participation from government and industry representatives.

Henry Liu, Vice President, Asia Pacific, Lubrizol, shared, "Sustainable mining presents complex operational, environmental, and social challenges that no single company can address alone. This Dialogue and Alliance were created as an industry-led platform to align perspectives, unite expertise from diverse stakeholders, and support the creation of a more integrated and efficient ecosystem-ultimately shaping the future of responsible mining."

Building on the discussions, the Dialogue also laid the groundwork for longer-term collaboration by launching the Sustainable Mining Operations Alliance. The Alliance to focus its efforts on four main pillars:

1. Capability building to support the adoption of cleaner energy in mining operations, including the use of biodiesel;
2. Technology adoption to improve productivity and safety across equipment and heavy-duty machinery;
3. Infrastructure upgrades through advanced materials science to enhance efficiency in chemical operations, water treatment, and chemical management; and
4. Community development, with a focus on education and building a skilled talent pool.

Looking ahead, the Alliance will continue engaging with stakeholders to identify and map out concrete next steps, drawing on insights from the Dialogue and the roadmap outlined in the Green Paper. This approach is intended to ensure the initiative delivers tangible impact and sustained progress beyond the event.

"For many companies, sustainability has long been viewed as an additional obligation rather than a core business strategy. Today, that perspective is evolving. Through this Alliance, we have an opportunity to embed sustainability in ways that support business objectives. Active industry participation is therefore essential to ensure that sustainability initiatives are practical, effective, and aligned with the realities of the mining value chain," Indah Permatasari Saugi, Chief of Corporate Affairs, VKTR, added.

About The Lubrizol Corporation

Lubrizol, a Berkshire Hathaway company, is a science-based company whose specialty chemistry delivers sustainable solutions to advance mobility, improve well-being and enhance modern life. Every day, the innovators of Lubrizol strive to create extraordinary value for customers at the intersection of science, market needs and business success, driving discovery and creating breakthrough solutions that enhance life and make the world work better. Founded in 1928, Lubrizol has global reach and local presence, with more than 100 manufacturing facilities, sales and technical offices and more than 7,000 employees around the world. For more information, visit https://www.Lubrizol.com.

About PT VKTR Teknologi Mobilitas Tbk

PT VKTR Teknologi Mobilitas Tbk. (VKTR - pronounced "Vektor") is a pioneer in the electrification of the commercial vehicle segment in Indonesia. VKTR officially listed its shares on the Indonesia Stock Exchange on June 19, 2023, becoming the first commercial EV issuer in the country. VKTR is committed to accelerating sustainable mobility through manufacturing innovation and strategic partnerships with the world's leading electric vehicle manufacturers.

For more information: Investor Relations ([email protected]) Corporate Communications ([email protected])