Harnessing Eco-Friendly Opportunities: BUMN’s Innovative Approach to Carbon Storage Solutions

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Pertamina oil refinery (MI/Ramdani)

PT Pupuk Indonesia (Persero) together with PT Pertamina (Persero) are working together to develop the potential for carbon capture and storage or Carbon Capture Storage (CCS) and Carbon Capture Utilization and Storage (CCUS). It was marked by the signing of cooperation at the Indonesia International Sustainability Forum (ISF) 2024 event.

The cooperation contract was signed by Pupuk Indonesia President Director Rahmad Pribadi and Pertamina President Director Nicke Widyawati. The cooperation is said to be a manifestation of the company’s commitment to lead the green transformation in the national fertilizer and petrochemical industry.

Rahmad explained that the development of CCS and CCUS technology is one of the key elements in Pupuk Indonesia’s strategy to support the government’s target in achieving net zero emission 2060.

“The synergy between Pupuk Indonesia and Pertamina is a strategic step. Pertamina has… carbon capture storage facility which is suitable for storing CO2 from Pupuk Indonesia which purity“It’s high, so it can be injected directly,” he explained as quoted from a press release, Sunday (8/9).

“This is a collaboration between two BUMNs that is quite strategic and significant, because through this collaboration, most of our CO2 can be injected,” he added.

The collaboration includes joint studies, sharing knowledgedata, and expertise from each company. This collaboration is carried out to optimize Indonesia’s potential as a major hub for CCS in Southeast Asia.

Also read: Low Sulfur Fuel Policy Received Positively

It is known that Indonesia has the potential capacity to capture 4.3 gigatons of carbon using CCS technology, making it a major hub in Southeast Asia for CCS development.

The signing of the cooperation agreement is also real evidence of the synergy between the two BUMNs, which together support the program. Green Economy Pioneer 10 Years Roadmap Ministry of State-Owned Enterprises.

As a form of long-term commitment, said Rahmad, Pupuk Indonesia is also actively developing CCS projects in several strategic locations, including in Aceh and the Masela Abadi Field, which is expected to start operating in 2030.

This technology will not only support emission reduction, but will also be an engine of sustainable green economic growth in the future.

“So in our opinion, Pupuk Indonesia is aware of the big responsibility to support the achievement of… natural carbon emission. Therefore, we take strategic steps and also tactical steps to be able to reduce carbon emission from company activities,” concluded Rahmad. (J-3)

#BUMN #Develops #Carbon #Storage #Business #Opportunities

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BUMN Develops Carbon Storage Business Opportunities

PT Pupuk Indonesia and PT Pertamina Collaborate on Carbon Capture and Storage

In a significant move towards reducing carbon emissions and promoting sustainable growth, PT Pupuk Indonesia (Persero) and PT Pertamina (Persero) have joined forces to develop carbon capture and storage (CCS) and carbon capture utilization and storage (CCUS) technologies. This collaboration is a manifestation of the companies’ commitment to leading the green transformation in the national fertilizer and petrochemical industry.

The signing of the cooperation agreement marks a strategic step towards achieving Indonesia’s net-zero emission target by 2060. “The synergy between Pupuk Indonesia and Pertamina is a strategic step. Pertamina has a carbon capture storage facility that is suitable for storing CO2 from Pupuk Indonesia, which has high purity, so it can be injected directly,” explained Rahmad Pribadi, President Director of Pupuk Indonesia.

Indonesia’s Potential as a Major Hub for CCS

Indonesia has the potential capacity to capture 4.3 gigatons

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