ExxonMobil and Pertamina, Indonesia's state-owned energy company, have signed a heads of agreement at the G20 Summit in Bali to further progress their previously announced regional carbon capture and storage (CCS) hub for domestic and international carbon dioxide (CO2).
The agreement builds upon a joint study and memorandum of understanding that was signed at COP26 in Glasgow, UK to assess carbon capture and storage technologies, low-carbon hydrogen and geologic data. The agreement defines next steps for the project including concept-select, pre-Front End Engineering Design, and a subsurface work program, ExxonMobil said.
The agreement was signed by Pertamina president director and CEO Nicke Widyawati and Irtiza Sayyed, vice president, ExxonMobil Low Carbon Solutions and president of ExxonMobil Indonesia.
“This agreement supports Indonesia’s net-zero ambition and its goal to become a carbon capture and storage leader in the region,” said Dan Ammann, president, ExxonMobil Low Carbon Solutions. “By providing a large-scale storage solution for hard-to-decarbonise sectors, our companies will support Indonesia’s growing economy through low-carbon investments, creating job opportunities and adding revenues for the country.”
“This milestone is a solid foundation for Indonesia to systematically work toward our net-zero target by 2060 or sooner,” said H.E. Luhut B. Pandjaitan. “Indonesia is growing, and it is imperative for us to address our carbon footprints for our future generations.”