Chevron Corporation has announced a partnership with PT Pertamina to explore potential lower carbon opportunities in Indonesia.
The two companies plan to consider novel geothermal technologies, carbon offsets through nature-based solutions, carbon capture, utilisation and storage (CCUS), as well as hydrogen development, production, storage and transport.
The project will support the Government of Indonesia’s target for 23% renewable energy by 2025 and 2060 net zero emission goal.
Pertamina’s commitment to increase its renewable energy mix from 9.2% in 2019 to 17.7% in 2030.
The company, through its Subholding Power & NRE, has a total installed geothermal capacity of 1,877MW originating from 13 geothermal work areas and is also developing a green hydrogen pilot project in the Ulubelu Area.
Jeff Gustavson, President of Chevron New Energies said: “We are excited to build upon Chevron’s nearly 100-year history in Indonesia. This MoU demonstrates Chevron and Pertamina’s commitment to continue identifying lower carbon opportunities through collaboration and partnership between Chevron, national energy companies and governments, all of which have a shared interest in advancing national energy transition.
“Through our potential work in Indonesia and the entire Asia Pacific region, we hope to provide affordable, reliable, ever cleaner energy and help the industries and customers who use our products advance their lower carbon goals.”