Green Fuel Project, Pertamina Patra Niaga's Initiative Supports Indonesia's Goals towards Net Zero Emission

Nusa Dua, Bali, September 21, 2022 – Pertamina Patra Niaga, as Sub Holding Commercial & Trading of PT Pertamina (Persero), continues to take the pioneering role in supporting the transition to better energy utilization and efforts to reduce emissions. One of the efforts made is the Green Fuel Project initiative to realize industrial consumers' sustainable needs in fulfilling their energy needs.

President Director of Pertamina Patra Niaga, Alfian Nasution, said that industrial consumers' energy or fuel needs do not only focus on how much fuel is needed but also how the utilized fuel can fulfill the decarbonization criteria to support Indonesia's goal of achieving net zero emissions.

"Pertamina Group's target is to contribute to a 30% reduction in carbon emissions and increase the new renewable energy mix by 15% by 2030. For industrial consumers, we take this opportunity to introduce Coaltrans Asia to the Green Fuel Project initiative for all industrial consumers we serve. Moreover, to support this target, we are also developing Green Energy Station petrol stations, expanding access to fuel and LPG, and a sustainable biodiversity program," explained Alfian.

Currently, the Government is preparing a carbon tax policy to decarbonize and reduce emissions to industry players. The Green Fuel Project offered by Pertamina Patra Niaga is a solution for industrial consumers in fulfilling challenges and policies related to the carbon tax policy and the Carbon Economic Value policy implementation.

“With the Green Fuel Project, Pertamina Patra Niaga will sell existing fuel products and combine them with carbon solutions, which are solutions to industrial players who will be subject to carbon taxes. The scheme is in Neutral Fuel form or other mechanisms in the form of offsets with carbon credits. The Green Fuel Project is an initial initiative while waiting for the Carbon Economic Value (NEK) regulation and the Carbon Tax regulation to be set by the Government,” continued Alfian.

As a form of readiness to implement it, Pertamina Patra Niaga, on the same occasion, also signed a cooperation agreement with two industrial consumers. Namely, a cooperation exploration starting with a Green Fuel Project Letter of Intent (LOI) with PT Bhimasena Power Indonesia and a Memorandum of Understanding (MoU) with PT Putra Perkasa Abadi regarding industrial fuel on a large-scale fulfillment signing.

With this Green Fuel Project, PT Bhimasena Power can take advantage of the scheme to reduce the exposure to emission production that impacts the company's carbon tax.

For the cooperation with PT Putra Perkasa Abadi, Pertamina Patra Niaga will be committed to supporting the fuel needs for vehicles and mining equipment used. Based on the projection, for 2023, the fuel needed by PT Putra Perkasa Abadi will increase significantly per month. This need will be supplied by Pertamina Patra Niaga.

"As one of the main suppliers for the mining industry, Pertamina Patra Niaga will be ready to provide fuel needs for all industrial consumers we serve. Again, our readiness to fulfill this energy need is accompanied by our readiness to follow and fulfill the energy transition, decarbonization, and emission reduction targets which follow the Sustainable Development Goals (SDGs) focus," he said.

For more information about Pertamina One Solution and all Pertamina services and products, the public can contact Pertamina Call Center 135 and Pertamina's official social media.**