Pertamina Explores the Potential Cooperation on Research, Development, and Implementation of Carbon Emissions Reduction
Jakarta, July 25, 2023 – Pertamina continuously supports the commitment to provide energy and develop new and renewable energy to support national energy security and self-sufficiency. During the IPA Convex, Pertamina signed agreements to discuss, explore, and potentially be involved in energy transition initiatives with partners. Namely, Mubadala, POSCO INTERNATIONAL, Japex, and Jogmec.
Pertamina and partners intend to explore the potential cooperation in research and technology development of low-carbon products and their implementation, particularly for Carbon Capture & Storage/Carbon Capture, Utilization & Storage (CCS/CCUS), Blue Hydrogen/Ammonia, New & Renewable Energy (NRE), and other related potential collaborations in Indonesia.
Nicke Widyawati, President Director & CEO of Pertamina, stated, "Pertamina has a big responsibility as a pillar to achieve the Net Zero Emission (NZE) commitment."Pertamina has a big responsibility as a pillar to achieve net zero emissions (NZE) commitment. The energy sector is projected to be Indonesia's largest contributor to emissions by 2030 and expected to have a significant role in carbon emissions reduction, ranking second after forestry and other land use sector. As a national energy company and one of the largest state-owned enterprises in Indonesia, Pertamina is ready to play a crucial role in leading the energy transition and emissions reduction in Indonesia's energy sector. Pertamina will support the Government's steps in realizing Indonesia's NZE target in 2060 or sooner."
Indonesia will have significant roles, not only in Asia but also in global decarbonization. Currently Indonesia per capita emission is still below global average CO2 emission per capita (below 3 tonnes per person). Meanwhile, the potential storage CO2 capacity between 80 to 400 giga tons CO2 in depleted Oil and Gas Reservoirs and in saline formations, according to different studies. With this huge CO2 storage capacity, initiating projects to decarbonize GHG emission in Indonesia will contribute significantly to the world emission reduction as well. However, we also have the potential from Integrate clusters for end-to-end CCUS and innovate as green energy provider in the clusters. Another unique proposition is the largest tropical rainforest, peatland and mangrove cover as potential store up to ~300 billions ton CO2, making us as the 2nd largest nature-based solution potential for solving emission issue. Last but not least, the abundance renewable energy and power which are potentially produced around ~3600 GW in Indonesia will also be drivers for global decarbonization, coming from various sources including geothermal (~24 GW); wind (~155 GW), solar (~3295 GW), bioenergy (~37 GW), hydro (~95 GW) and ocean (~60 GW).
Nicke added that collaboration with these partners is essential to address the challenges of the energy transition, especially in technology and financing.
"Given the urgency of the situation, we need greater vision as well as a greater commitment to innovative, inclusive, and collaborative action, and we need it now," said Nicke.
Pertamina, as a leading company in the energy transition, is committed to supporting the Net Zero Emission 2060 target by continuously promoting programs that directly impact the Sustainable Development Goals (SDGs) achievement. All these efforts align with Environmental, Social & Governance (ESG) implementation across all Pertamina's business lines and operations.**