ExxonMobil and Pertamina advance CCS project in Indonesia

The HOA builds upon a joint study and Memorandum of Understanding (MoU) that was signed at COP26 in Glasgow, Scotland, to assess CCS 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 programme.

The agreement was signed by Pertamina President Director and Chief Executive Officer, Nicke Widyawati, and Irtiza Sayyed, Vice President, ExxonMobil Low Carbon Solutions and President of ExxonMobil Indonesia. The signing was witnessed by US Ambassador for Republic Indonesia, H.E. Sung Y. Kim and Indonesia’s Coordinating Minister for Maritime and Investment Affairs H.E. Luhut B. Pandjaitan, and Jack Williams, Senior Vice President, Exxon Mobil Corp.

“This agreement supports Indonesia’s net zero ambition and its goal to become a CCS 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.”

The Indonesian government is working to develop supportive CCS regulations and initiating discussions with other governments in the region. “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.”

ExxonMobil Low Carbon Solutions is working to bring lower-emission technologies to market, making them accessible to hard-to-decarbonise industries, including its recent agreement with a leading global manufacturer of nitrogen and hydrogen products in Louisiana, US. It is focusing its CCS efforts on point-source emissions, the process of capturing CO₂ from industrial activity that would otherwise be released into the atmosphere. Once captured, the CO₂ is injected into deep, underground geologic formations for safe, secure and permanent storage.

CCS is a safe, proven technology that can enable some of the highest-emitting sectors to meaningfully reduce their emissions. These industries include manufacturing, power generation, refining, petrochemical, steel and cement operations. With effective government policies in place, broad deployment of commercial-scale CCS projects could create a new industry, resulting in job creation and economic growth.

Read the article online at: https://www.hydrocarbonengineering.com/the-environment/14112022/exxonmobil-and-pertamina-advance-ccs-project-in-indonesia/