Global investment in carbon capture technology reaches $6.4 billion

The application of carbon capture and storage technology, or carbon capture storage (CCS), is a solution to overcoming global climate change.

Indonesia is considered to have geological formations that can be used to permanently store carbon emissions through CCS technology. Meanwhile, Indonesia’s strategic location in the Asia-Pacific region can make Indonesia a regional CCS hub. Of course, this position will also attract investment, create jobs and support Indonesia’s economic growth.

To achieve Indonesia’s goal as a regional CCS hub, the Indonesian CCS Center (ICCSC) will organize the International and Indonesian CCS Forum (IICCS Forum). The ASEAN Summit sideline event, supported by the Coordinating Ministry of Maritime Affairs and Investment, will be held on September 11-12, 2023 at Mulia Hotel, Jakarta.

The IICCS Forum will focus on the development and application of CCS technology globally. Its fundamental role in pooling knowledge, experience and resources from various countries and sectors makes it a strategic partner in advancing the implementation of CCS in Indonesia.

“Through this CCS Forum, participants, both government and private, can interact with each other, to get global inputs and suggestions on CCS technology and its application worldwide to reduce carbon emissions,” said the chairman of the organizing committee of the IICCS Forum 2023, Joyeux Marteighianti, Saturday (9/9/2023).

Indonesia’s potential as a regional CCS hub is also supported by PT PLN (Persero). This state-owned enterprise has also started a transformation towards clean energy, and the implementation of CCS is seen as a crucial step in achieving this goal.

PLN President Director Darmawan Prasodjo said PLN conducted a mass and energy balance study related to the implementation of carbon capture technology at PLN’s PLTU, and also reviewed the roadmap carbon capture, utilization and storage (CCUS) for fossil fuel power plants.

“PLN is also conducting several joint studies with renowned global institutions to study the implementation of CCS/CCUS technology in several PLN-owned fossil power plants, namely PLTGU Tambak Lorok, PLTU Indramayu, PLTU Suralaya, PLTU Tanjung Jati B, PLTU. Paiton and PLTGU Muara Tawar, explained Darmawan.

This synergy between the private sector and state-owned enterprises was also welcomed by PT Pupuk Indonesia (Persero) and Chevron. PT Pupuk Indonesia (Persero) Deputy Senior Director Nugroho Christijanto said his party is currently conducting a feasibility study for a blue ammonia project in Aceh with the potential of the Arun field as a CCS site.

“Potential locations for cross-border emissions storage include the Arun field, Sunda Asri basin and East Kalimantan basin, which have enormous potential and development prospects as CCS hubs in Asia,” Nugroho said.

In line with the spirit of synergy between the private sector and state-owned enterprises, Chevron New Energies (CNE) will sign two confidentiality agreements at the opening of the CCS Forum, within the framework of data opening, respectively with PT Pertamina Hulu Mahakam and PT Pertamina Hulu. Sanga-sanga. .

This is a follow-up to the CCS/CCUS Joint Study Agreement (JSA) with PT Pertamina (Persero) which was previously signed on March 6, 2023. The JSA agreement aims to study the feasibility of storage and Carbon Capture and Carbon Capture Utilization and Storage (CCS/CCUS) in East Kalimantan.

Wahyu Budiarto, country director of Chevron Indonesia, said his party has partnered with Indonesia to help meet Indonesia’s energy needs for almost a century.

“This joint study with Pertamina will add momentum to our shared goal of advancing Indonesia’s energy goals while pursuing a low-carbon future. We have unique capabilities and a deep understanding of Indonesian geology to support the use of CCS/CCUS,” he said. .

Jordan Carlson

"Zombie geek. Beer trailblazer. Avid bacon advocate. Extreme introvert. Unapologetic food evangelist. Internet lover. Twitter nerd."

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