Aramco, one of the top global integrated energy and chemicals businesses, and PT Pertamina (Persero) in Indonesia are investigating opportunities for cooperation throughout the hydrogen and ammonia value chain.
In a ceremony held in conjunction with the B20 Summit in Bali, the official G20 dialogue forum with the global business community, the firms signed a Memorandum of Understanding (MoU) defining future cooperation throughout this important corridor of the energy transition.
The G20 Summit in Bali is taking place against the backdrop of a global energy crisis that is affecting millions of people worldwide. G20 members and international energy businesses have unanimously pledged to becoming a part of the solution.
The development of clean ammonia and hydrogen is a vital component of Indonesia’s strategy to achieve net zero emissions by 2060, and the nation is anticipated to play a large role in Asia’s green hydrogen industry.
The Memorandum of Understanding includes a pre-feasibility study to evaluate the likelihood of collaboration in relation to the creation of a clean ammonia and hydrogen value chain. It may involve carbon capture, utilization, and storage (CCUS) at current Pertamina Group facilities and other mutually agreed-upon potential sites. For clean ammonia and hydrogen in Indonesia, the study will examine the feasibility of investments and collaboratively develop commercialization solutions, including but not limited to corporate organization and commercial structures. The study is anticipated to be done over the following two years, and based on the findings, it may be further developed.
