Page 7 - AsianOil Week 45 2022

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Pertamina, ExxonMobil join forces for CCS

ENERGY INDONESIA'S state-owned Pertamina and Exx- regulatory frameworks to support CCS and col-
TRANSITION onMobil have struck an agreement to develop a laborate on the technology with other govern-
regional carbon capture and storage (CCS) hub ments in the region. "This milestone is a solid
The project has a for domestic and international CO2. foundation for Indonesia to systematically work
proposed storage The project has a proposed storage potential toward our net-zero target by 2060 or sooner,"
potential of up to 3bn of up to 3bn tonnes of CO2, according to Exx- said Indonesia's Co-ordination Minister for
tonnes of CO2. onMobil. The pair indicated earlier this year Maritime Affairs and Investment, Luhut Binsar
that their partnership would involve studying Pandjaitan.
CCS and carbon capture, utilisation and storage Indonesia still relies heavily on fossil fuels,
(CCUS) technologies at three oil and gas fields: however, with its energy sector alone generat-
Widuri in west Java, and Peciko and Badak in ing about 600mn tonnes of emissions in 2021,
east Kalimantan. according to IEA estimates, as a result of heavy
Under the latest agreement, the project will use of coal. The country is at present in ninth
move to the next step which will involve con- place in terms of CO2 emissions from fuel
cept-select, pre-initial engineering and a sub- combustion.
surface work programme. Indonesia has therefore turned to CCS as
"By providing a large-scale storage solution a solution to complement an expansion in its
for hard-to-decarbonise sectors, our compa- renewables capacity. State-owned Pertamina
nies will support Indonesia's growing economy has partnered with Japan’s Chiyoda to study
through low-carbon investments, creating job the capture, transportation and storage of the
opportunities and adding revenues for the coun- by-product CO2. Pertamina also teamed up
try," ExxonMobil Low Carbon Solutions’ presi- with Japan’s Mitsui to study a CCUS project,
dent, Dan Ammann, said in a statement. with commercial operations set to start during
Indonesia’s government plans to introduce 2025-29. ™

Chevron, MOL to study CO2 transport

from Singapore to Australia

ENERGY CHEVRON has banded together with Japan’s “Developing safe and reliable CO2 trans-
TRANSITION Mitsui O.S.K. Lines (MOL) to study the feasibil- portation services is a crucial step in developing
ity of transporting liquefied CO2 from Singapore large-scale [CCUS] solutions,” Mark Ross, pres-
ExxonMobil has already to permanent storage locations off the coast of ident of Chevron Shipping, commented.
secured storage permits Australia. The partnership is Chevron’s latest foray into
off Australia. Chevron’s New Energies International and CCUS since the company set a goal of cutting
MOL will explore whether it is technically and its operational emissions to net zero by 2050. In
commercially feasible to initially transport September, the company teamed up with Air
2.5mn tonnes per year (tpy) of liquid CO2 by Liquide, Keppel Infrastructure and PetroChina
2030, Chevron said on November 10. to evaluate and advance the development of
“We expect this agreement with MOL to CCUS in Singapore.
advance the technical and commercial founda- Chevron has also acquired interests in three
tions for a regional approach to carbon capture, permits to assess carbon storage potential off
utilisation and storage (CCUS) solutions, which the coast of Australia. The blocks are situated off
could provide progress toward the region’s net- Western Australia and the Northern Territory,
zero ambitions,” Chris Powers, vice president and are almost 7.8mn acres (3.16mn hectares)
for CCUS at Chevron New Energies, said in a in size.
statement. Chevron formed its New Energies division
Chevron is “focused on stringing together last year, and the division is set to make $10bn
a value chain,” he continued. “No single entity in investments between now and 2028. It is
has all the solutions, but genuine collabora- investing not only in CCUS but also hydrogen,
tion can help us unlock opportunities as we renewables, carbon offsets and some emerging
advance our shared goal of a lower carbon technologies, although CCUS is seen as its main
future.” focus. ™

Week 45 14•November•2022 www. NEWSBASE .com P7