Bali, Indonesia:
Pertamina Power Indonesia (Pertamina NRE), Keppel Infrastructure, by way of Keppel New Energy Pte. Ltd., and Chevron Corporation (NYSE: CVX), by way of Chevron New Energies International Pte. Ltd. (Chevron New Energies), have signed a Joint Study Agreement (JSA) to discover the event of chosen inexperienced hydrogen and inexperienced ammonia tasks utilizing renewable vitality situated primarily in Sumatera, Indonesia.
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From Left: Director of Chevron New Energies International, Pte. Ltd., Andrew S. Mingst; CEO of Pertamina NRE, Dannif Danusaputro; Director of Keppel New Energy Pte., Ltd., Chua Yong Hwee. (Photo: Business Wire)
The signing of the JSA befell on the Business 20 (B20) Investment Forum held in conjunction with the B20 Summit in Bali. B20 is an official G20 engagement group that represents the worldwide business neighborhood. Signing the JSA have been CEO of Pertamina NRE, Dannif Danusaputro; Director of Keppel New Energy Pte., Ltd., Chua Yong Hwee, and Director of Chevron New Energies International, Pte. Ltd., Andrew S. Mingst. The signing was witnessed by the Coordinating Minister for Maritime Affairs and Investment, Luhut Pandjaitan; Minister of Investment of Indonesia & Head of BKPM, Bahlil Lahadalia; President Director & CEO, PT Pertamina (Persero), Nicke Widyawati; and Chief Executive Officer, Keppel Infrastructure, Cindy Lim.
The JSA intends to discover the feasibility of growing a inexperienced hydrogen facility, with a manufacturing capability of not less than 40,000 tonnes each year, powered by 250-400 megawatts of geothermal vitality in the preliminary part. The hydrogen manufacturing facility may have the potential to scale up to 80,000-160,000 tonnes each year, relying on the supply of geothermal vitality in addition to market calls for.
The JSA goals to draw on the complementary strengths of Pertamina, the most important vitality firm in Indonesia; Keppel Infrastructure, a number one Singapore-based vitality infrastructure options supplier with a robust observe document of growing and working giant scale vitality and environmental infrastructure tasks; and Chevron, a multinational vitality company dedicated to offering reasonably priced, dependable, ever-cleaner vitality.
According to an International Energy Agency report, Indonesia, the world’s fourth most populous nation, has a viable path to reaching its goal of web zero emissions by 2060.1 Hydrogen and ammonia are anticipated to be essential decrease carbon fuels as half of this roadmap. Ammonia can be used to transport hydrogen and probably be used to substitute bunker fuels as a decrease carbon resolution in the worldwide maritime business.
Indonesia accounts for about 40 % of international geothermal sources, offering alternatives to make the most of geothermal vitality as a dependable and secure vitality supply to produce inexperienced ammonia or hydrogen.
Dannif Danusaputro, CEO of Pertamina NRE, stated, “The development of green hydrogen and green ammonia holds a significant role in Indonesia’s Net Zero Emissions roadmap. And with its potential, we believe that Indonesia will also play a key role in green hydrogen production in Asia. We are very excited with this strategic collaboration as we know that Keppel and Chevron are reputable companies and have the same vision in energy transition as we do.”
Ms. Cindy Lim, CEO of Keppel Infrastructure, stated, “Indonesia is a country with vast resources and enormous potential for renewable and low carbon energy. We are happy to partner with industry leaders, Pertamina and Chevron, to explore the first of its kind use of geothermal and other renewable energy to develop green hydrogen and green ammonia projects and support Indonesia’s energy transition efforts, as well as catalyze investments in green energy supply chain in the regions. In line with Keppel’s Vision 2030, which places sustainability at the core of its strategy, this collaboration will broaden Keppel Infrastructure’s geographical footprints to create and capture more value arising from the global commitment to net zero and its energy transition.”
Austin Knight, vp of Hydrogen, Chevron New Energies, stated, “We have a long history of working in Indonesia and with Pertamina, and a growing relationship with Keppel Infrastructure. We look forward to leveraging our collective strengths to study and evaluate lower carbon opportunities for the region. Chevron’s strength has always been solving big, complex energy challenges, and creating a lower carbon future is the opportunity that motivates us. As part of this effort, we must work together to identify new, innovative ways of producing and delivering ever-cleaner energy to a growing world.”
Keppel Corporation Limited, the guardian firm of Keppel Infrastructure, doesn’t count on the abovementioned improvement to have any materials affect on Keppel Corporation’s earnings per share and web tangible asset per share for the present monetary 12 months.
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1https://www.iea.org/news/indonesia-s-push-to-reach-net-zero-emissions-can-help-power-a-new-phase-in-its-economic-development
About Pertamina NRE
PT Pertamina Power Indonesia (Pertamina NRE) is member of PT Pertamina (Persero), Indonesia’s largest vitality firm, comprised of 4 business entities: PT Pertamina Geothermal Energy (subsidiary), PT Jawa Satu Power (affiliate), PT Jawa Satu Regas (affiliate), and PT Industri Baterai Indonesia. Its business focuses on clear vitality improvement. It is extremely dedicated to assist Indonesia’s web zero emission 2060 by way of vitality transition and to implement ESG.
About Keppel Infrastructure
Keppel Infrastructure (KI) is a wholly-owned subsidiary of Keppel Corporation, a Singapore flagship multinational firm offering options for sustainable urbanisation. KI offers options for some of the world’s most urgent challenges by way of its energy & fuel, surroundings and new vitality companies by leveraging its proprietary expertise, sturdy technical experience and confirmed working capabilities.
KI has a observe document of growing vitality and environmental infrastructure end-to-end, together with energy era property, waste-to-energy (WTE) amenities, large-scale district cooling programs, in addition to NEWater and desalination vegetation. In Singapore, it operates a 1,300-megawatt excessive effectivity gas-fired mixed cycle energy plant and a utility pipe rack and pipeline community in Jurong Island. It can also be Singapore’s main electrical energy retailer, and the primary and largest district cooling programs developer and service supplier. Globally, by way of Keppel Seghers, it’s one of the main WTE expertise suppliers with greater than 100 challenge references in 20 nations.
KI is increasing its presence, in Singapore and abroad, in areas resembling energy era, waste administration, district cooling, renewables and vitality storage, electrical car charging infrastructure and different clear vitality alternatives.
For extra data, please go to www.kepinfra.com.
About Chevron
Chevron is one of the world’s main built-in vitality firms. We imagine reasonably priced, dependable, and ever-cleaner vitality is crucial to attaining a extra affluent and sustainable world. Chevron produces crude oil and pure fuel; manufactures transportation fuels, lubricants, petrochemicals and components; and develops applied sciences that improve our business and the business. We are targeted on reducing the carbon depth in our operations and rising decrease carbon companies together with our conventional business traces. For extra data, please go to www.chevron.com.
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