Page 16 - DMEA Week 46 2022

DMEA NEWS IN BRIEF DMEA

business new africa bna/IntelliNews

Aramco and Pertamina

explore ammonia value

chain, hydrogen at B20

Aramco, one of the world’s leading integrated
energy and chemicals companies, and Indone-
sia’s Pertamina (Persero) are exploring collabo-
ration across the hydrogen and ammonia value
chain.
The companies signed a Memorandum of
Understanding (MoU) outlining future cooper-
ation across this key pathway of the energy tran-
sition, in a ceremony that took place alongside
the B20 Summit in Bali, the official G20 dialogue
forum with the global business community.
G20 members and global energy companies
have jointly committed to be part of the solution
to the global energy crisis which is affecting mil-
lions of people worldwide – and which forms the
backdrop to the G20 Summit in Bali. that aims to assess the possibility of cooperation Terra is a 50:50 joint venture formed by INA
The MoU was signed by the President Direc- related to the development of a clean ammonia and natural gas distribution company Prvo Pli-
tor of PT Pertamina (Persero), Nicke Widyawati, and hydrogen value chain. It includes potential narsko Drustvo (PPD).
and Mohammed Y. Al Qahtani, Aramco Senior carbon capture, utilization and storage (CCUS) In 2018, INA and PPD acquired the stake in
Vice President of Downstream. at Pertamina Group’s existing facilities and other Petrokemija from Croatia’s privatisation agency,
Clean ammonia and hydrogen development agreed potential locations. namely the Centre for Restructuring and Sales
have significant roles in Indonesia’s 2060 net zero The study will explore investment viability (CERP), for a consideration of HRK300mn
emissions roadmap and the country is expected and jointly develop commercialization options, ($41mn) via a capital increase. As a result, bank-
to be a key player in green hydrogen production including but not limited to business organ- ruptcy at Petrokemija was avoided.
in Asia. ization and commercial structures for clean CEPR controls a 17.9% stake in Petrokemija.
Aramco Senior Vice President of Down- ammonia and hydrogen in Indonesia. The study In June, it offered its stake for sale at a starting
stream, Mohammed Y. Al Qahtani, said: ‘As a is expected to be conducted over the next two price of HRK305mn (€41mn). The deadline for
company, our ambition is to achieve net-zero years, and depending on outcomes may be placing binding offers was July 6.
scope 1 and 2 greenhouse gas emissions across developed further. A Hrvatska Postanska Banka (Zagreb/
our wholly-owned operated assets by 2050. Our Saudi Aramco, November 14 2022 HPB) custody account on behalf of the Fund
work in developing new ammonia and hydro- for Financing the Decommissioning of the
gen energy pathways will be pivotal in achieving Krsko Nuclear Power Plant holds 12.73% in
that goal while helping to advance an affordable, PETROCHEMICALS Petrokemija.
equitable and more sustainable transition for all.’ Oil pipeline operator Janaf holds 9.09%. A
President Director of Pertamina, Nicke Yıldırım to acquire 55% of PBZ Bank (Zagreb/PBZ) custody account has
Widyawati, said: ‘The energy transition should 5.45%. Petrokemija owns 0.08% and the remain-
not jeopardize energy security and affordability, Zagreb-listed Petrokemija ing 0.23% is owned by small shareholders.
especially for countries that are still depend- In February, the shareholders of Petrokem-
ent on fossil fuels. That’s why Pertamina has Turkey’s Yıldırım Holding has signed an ija decide to delist the company shares from the
developed a decarbonization program through agreement with Croatian oil and gas company Zagreb stock exchange.
CCUS. Hydrogen and Ammonia are expected INA (Zagreb/INA) to acquire Terra Mineralna Due to high natural gas prices, Petrokemija
to play a key role in a future climate-neutral Gnojiva, which holds a 54.52% stake in mineral ceased operations in 2022.
economy, enabling emission-free power gener- fertiliser maker Petrokemija (Zagreb/PTKM), MOL Group (Budapest/MOL) controls a
ation, heavy transport, heating and industrial INA said on November 10. 49% stake in INA and the Croatian government
processes.’ Petrokemija is the only mineral fertiliser pro- has 45%.
The MoU involves a pre-feasibility study ducer in Croatia. bne/IntelliNews, November 15 2022

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