Pertamina, ExxonMobil agree to conduct joint study on CCS and hydrogen

ExxonMobil and Pertamina, the state-owned energy company of Indonesia, have signed a joint study agreement to assess the potential for large-scale implementation of lower-emissions technologies, including carbon capture and storage (CCS), as well as hydrogen production.

The agreement builds on efforts to advance carbon capture and storage (CCS) in Indonesia that have taken place since the companies signed a memorandum of understanding at COP 26 in Glasgow, Scotland. The expanded agreement will support Indonesia’s net-zero ambitions and builds on a decades-long strategic partnership between ExxonMobil and Pertamina.

Last October Energy Voice reported that ExxonMobil is planning a carbon capture utilisation and storage (CCUS) project at its giant Cepu block in East Java, Indonesia. ExxonMobil operates the Cepu block with a 45% interest. Pertamina is also a major shareholder with 45% interest.

ExxonMobil, which set up a low-carbon solutions division in February 2021, is focusing on building a (CCS) business in Asia. Significantly, ExxonMobil believes there is over 300 billion tonnes of storage capacity in Southeast Asia alone.

The latest joint study agreement was signed on 13 May by Pertamina President Director and Chief Executive Officer Nicke Widyawati and Irtiza Sayyed, president, ExxonMobil Indonesia. The signing was witnessed by Indonesia’s Coordinating Minister for Maritime and Investment Affairs Pak Luhut and Jack Williams, senior vice president, Exxon Mobil Corporation.

Source: https://www.energyvoice.com/