SUBSCRIBE
PROFILE

In Indonesia, ExxonMobil promotes CCS

In Indonesia ExxonMobil and Pertamina sign a memorandum of understanding to advance carbon capture and storage (CCS).

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

START NOW — 4.90$/month

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

SUBSCRIBE — 99$/year

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

Sign up for free to unlock this article

In Indonesia ExxonMobil and Pertamina sign a memorandum of understanding to advance carbon capture and storage (CCS).

A Memorandum of Understanding

In Indonesia, during the G20 in Bali, ExxonMobil and Pertarmina announce an agreement to advance the regional CCS project. This Memorandum of Understanding defines the next steps of the project. These include concept selection, preliminary engineering design and a program of work.

The MOU builds on a previous joint study and MOU. It aims to evaluate CCS technologies, low-carbon hydrogen and geological data. In addition, studies indicate that the potential for geological storage is as high as 3 billion tons of CO2.

CCS technology can enable the most emitting sectors to significantly reduce their emissions. These include manufacturing, refining, petrochemical and steel industries. Commercial-scale CCS projects, supported by effective government policies, could create a new industry.

A political will

ExxonMobil and Pertamina’s CCS agreement supports Indonesia’s net zero ambition. For example, Dan Ammann, president of ExxonMobil Low Carbon Solutions, states:

“This agreement supports Indonesia’s net zero ambition and its goal to become a leader in carbon capture and storage in the region. By providing a large-scale storage solution for hard-to-decarbonize sectors, our companies will support Indonesia’s growing economy through low-carbon investments, creating job opportunities and adding revenue for the country.”

In addition, the Indonesian government is working to develop CCS-friendly regulations.

Indonesia is also initiating discussions with other governments in the region. The country seeks to achieve a net zero target by 2060 or sooner. Thus, the Coordinating Minister of Maritime Affairs and Investment of Indonesia, Luhut B. Pandjaitan, states:

“Indonesia is growing rapidly and it is imperative for us to address our carbon footprint for our future generations.”

ExxonMobil Low Carbon Solutions is bringing low-emission technologies to market, making them accessible to hard-to-decarbonize industries. It focuses its carbon capture and storage efforts on point source emissions. In addition, the company entered into an agreement with a manufacturer of nitrogen and hydrogen products in Louisiana, USA.

  • Popular on energynews.pro
Iraq and Oman in talks to build new oil pipeline to secure exports to Asia
Ørsted launches capital increase to fund Sunrise Wind and strengthen structure
BII commits $7.5mn to support power interconnection in Nigeria
IAEA revises nuclear growth forecasts upward through 2050
NKT selected as preferred bidder for power cable project between Scotland and England
New failure of the Nigerian power grid triggers widespread outages across the country
A sudden fault on the national grid cut electricity supply to several regions of Nigeria, reigniting concerns about the stability of the transmission system.
Guyana to tighten contractual framework for oil production
Re-elected president Irfaan Ali announces stricter production-sharing agreements to increase national economic returns.
Coal India launches 5 GW of solar and wind projects across the country
Coal India issues tenders to develop 5 GW of renewable capacity, split between solar and wind, as part of its long-term energy strategy.
US utilities plan 147 GW in new high-load capacity by 2035
US utilities anticipate a rapid increase in high-intensity loads, targeting 147 GW of new capacity by 2035, with a strategic shift toward deregulated markets.
France: RTE launches public debate on €100 billion for the power grid
France opens a national consultation on RTE’s plan to invest €100 billion by 2040 to modernise the high-voltage electricity transmission grid.
California speeds up permits to secure federal tax credits
Governor Gavin Newsom orders state agencies to fast-track clean energy projects to capture Inflation Reduction Act credits before deadlines expire.
German industry warns of €5.4tn energy burden by 2049
Germany’s energy transition could cost up to €5.4tn ($6.3tn) by 2049, according to the main industry organisation, raising concerns over national competitiveness.
Power cuts plunge Iranian businesses into lasting operational crisis
Facing blackouts imposed by the authorities, small businesses in Iran record mounting losses amid drought, fuel shortages and pressure on the national power grid.
T Plus to maintain electricity production at 57.6 TWh in 2025
Russian group T Plus plans to stabilise its electricity output at 57.6 TWh in 2025, despite a decline recorded in the first half of the year, according to Chief Executive Officer Pavel Snikkars.
French energy regulator corrects ten public claims on costs and production
In France, the Commission de régulation de l’énergie issues a clarification on ten statements shared over the summer, correcting several figures regarding tariffs, production and investments in the electricity sector.
Dozens of scientists denounce climate report deemed biased by US Department of Energy
A group of 85 researchers challenges the scientific validity of the climate report released by the US Department of Energy, citing partial methods and the absence of independent peer review.
Five new projects obtain CB RES status and join the Commission list
Five energy infrastructure projects have been added to the list of cross-border renewable projects, making them eligible for financial support under the CEF Energy programme.
Tanzania bets on compressed natural gas to cut oil imports
The Tanzanian government launches a national consultation to accelerate the rollout of compressed natural gas, mobilising public and private financing to secure energy supply and lower fuel costs.
Kuwait launches tenders for 1.8GW energy and water project
The Kuwaiti government has invited three international consortia to submit bids for the first phase of the Al Khairan project, combining power generation and desalination.
NNPC Ltd keeps Port Harcourt refinery and focuses on rehabilitation
Nigeria’s state-owned oil company abandons plans to sell the Port Harcourt refinery and confirms a maintenance programme despite high operating costs.
Political crisis in France: energy roadmap threatened by new delay
The publication of the Multiannual Energy Programme decree, awaited for two years, is compromised by internal political tensions, jeopardising strategic investments in nuclear and renewables.
EIA delays key reports after 30% staff reduction
The US Energy Information Administration reschedules or cancels several publications, affecting the availability of critical data for oil, gas and renewables markets.
Brazil dismantles criminal fuel network worth BRL52bn
Brazilian authorities have launched a large-scale operation targeting a money laundering system linked to the fuel sector, involving investment funds, fintechs, and more than 1,000 service stations across the country.
Natural gas and solar receive broad support across the United States
A national study by the Davies Group reveals widespread American support for the simultaneous development of both renewable and fossil energy sources, with strong approval for natural gas and solar energy.
Seoul Imposes 25% Cut in Petrochemical Capacity to Stabilize the Sector
The South Korean government compels ten petrochemical groups to cut up to 3.7 million tons of naphtha cracking per year, tying financial and tax support to swift and documented restructuring measures.

Log in to read this article

You'll also have access to a selection of our best content.