13-11-2022
ExxonMobil and Pertamina to advance cooperation in carbon capture and storage
ExxonMobil and Pertamina, the state-owned energy company for Indonesia, have signed a joint study agreement to assess the potential for large-scale implementation of lower-emissions technologies, including carbon capture and storage and hydrogen production.
The agreement builds on efforts to advance carbon capture and storage in Indonesia that have taken place since the companies signed a memorandum of understanding at COP 26 in Glasgow, Scotland. The expanded agreement will support Indonesia’s net-zero ambitions and builds on a decades-long strategic partnership between ExxonMobil and Pertamina.
The joint study agreement was signed by Pertamina President Director and Chief Executive Officer Nicke Widyawati and Irtiza Sayyed, president, ExxonMobil Indonesia. The signing was witnessed by Indonesia’s Coordinating Minister for Maritime and Investment Affairs Pak Luhut and Jack Williams, senior vice president, Exxon Mobil Corporation.
“This is another step forward for both companies, and it positions Indonesia to play a leading role in supporting the reduction of emissions from hard-to-decarbonize sectors,” said Dan Ammann, president of ExxonMobil Low Carbon Solutions. “Expansion of carbon capture and storage in Southeast Asia would support a lower carbon future. Governments, the private sector and communities will need to work hand-in-hand to make this a reality.”
ExxonMobil Low Carbon Solutions business is working to commercialize lower-emission technologies and support global emission-reduction efforts. It is initially focusing its carbon capture and storage efforts on point-source emissions, the process of capturing CO2 from industrial activity that would otherwise be released into the atmosphere, and injecting it into deep underground geologic formations for safe, secure and permanent storage.
Carbon capture and storage is a proven technology that can enable some of the highest-emitting sectors to reduce their emissions, such as manufacturing, power generation, refining, petrochemical, steel and cement industries. Commercial-scale and broad deployment of carbon capture and storage could create a new industry, resulting in job creation and economic growth.
The business is also pursuing strategic investments in biofuels and hydrogen to bring those lower-emissions energy technologies to scale for hard-to-decarbonize sectors of the global economy, by leveraging the skills, knowledge and scale of ExxonMobil. The company has more than 30 years of experience capturing CO2 and has cumulatively captured more human-made CO2 than any other company. It has an equity share of about one-fifth of the world’s carbon capture and storage capacity at about 9 million metric tons per year.
News Category:
-
Neste successfully concludes its first processing run with pyrolysis oil from discarded tyres
In its efforts to advance chemical recycling, Neste has successfully conducted its first processing trial run with a new challenging raw material, liquefied discarded ...
23-04-2024
-
Technip Energies awarded a substantial contract for TotalEnergies and OQ’s Marsa LNG project in Oman
Technip Energies has been awarded a substantial1 contract by TotalEnergies and OQ for the Marsa LNG bunkering project located in Sohar, Oman. The contract covers ...
23-04-2024
-
Topsoe announces plans for new US electrolyser factory for clean hydrogen
Topsoe, a global leader in carbon emission reduction technologies, announced plans to build a cutting-edge factory in Chesterfield, Virginia. The factory will manufacture ...
23-04-2024
-
Technip Energies and Anellotech to jointly develop sustainable plastics recycling
Technip Energies and Anellotech Inc, today announced they have signed a global joint development agreement to work cooperatively to further develop and then license Anellotech’s ...
22-04-2024
-
Cepsa and Evos join up for green methanol storage in Spain and the Netherlands
Spanish energy company Cepsa has signed an agreement with Evos, a leading liquid energy and chemical storage company with hubs in strategic locations across Europe, to ...
18-04-2024
-
Start up of the worlds first large scale electrically heated steam cracking furnace
BASF, SABIC, and Linde have inaugurated the world’s first demonstration plant for large-scale electrically heated steam cracking furnaces. Following three years of ...
18-04-2024
-
Fortescue selects Green ammonia technology from KBR
KBR has announced it has signed a contract to provide its green ammonia technology, K-GreeN, for Fortescue’s Holmaneset green energy project in Norway. Under the terms ...
18-04-2024
-
Avantium and TNO partner to manufacture electrolyser test stations for green hydrogen production
Avantium N.V., a leading company in renewable and circular polymer materials, has announced that its subsidiary Avantium R&D Solutions has signed a partnership agreement ...
18-04-2024
-
Linde to increase green hydrogen production in Brazil
Linde announced today its subsidiary White Martins will build, own and operate a second electrolyser to produce green hydrogen for the southeast region of Brazil. The ...
18-04-2024
-
Boeing makes its largest purchase of blended SAF
Boeing has agreed to purchase 7.5 million gallons of blended Neste MY Sustainable Aviation Fuel in 2024 to support its U.S. Commercial Airplanes business operations ...
16-04-2024