ExxonMobil, PT Pertamina partner to develop $2 billion CCS hub in Java Sea

(WO) — PT Pertamina (Persero) reaffirms its commitment to lead Indonesia's decarbonization efforts through a $2 billion collaboration with ExxonMobil. The companies have partnered to develop a Carbon Capture Storage (CCS) hub in the Java Sea with a capacity of up to 3 gigatons of CO2.

Under the deal, Pertamina and ExxonMobil agreed to continue their collaboration for the CCS Hub evaluation in the western part of the Java Sea, specifically in the Asri and Sunda Basin. The CCS Hub in this location is expected to offer significant geological storage, capturing and injecting CO2 from domestic and regional industries.

Nicke Widyawati, president director of Pertamina, explained that Pertamina continues to develop decarbonization programs, including the CCS hub development, built in collaboration with strategic partners such as ExxonMobil.

According to Nicke, this project has the potential to store CO2 in strategic areas, with the CCS Hub development in the Java region, close to various industries. This hub will provide access to geological storage in saline aquifers, capable of accommodating at least three gigatons of carbon dioxide (CO2) from domestic and regional carbon-intensive industries.

"This project will enable Indonesia to become a regional leader in industrial decarbonization due to its enormous carbon storage potential. Hopefully, Indonesia can become the CCS center in Southeast Asia in the future," Nicke added.