Indonesia invites global investors for Carbon Capture Storage (CCS) initiatives

Jakarta – The Coordinating Ministry for Maritime Affairs and Investment (Kemenko Marves) has officially announced that Indonesia is opening its doors to investment opportunities in the Carbon Capture Storage (CCS) sector, Antara news agency reported. This move aims to bolster the country’s efforts in reducing carbon emissions and combatting climate change.

During a press conference in Jakarta, Jodi Mahardi, the Deputy for Coordination of Sovereignty and Maritime and Energy at Kemenko Marves, highlighted the significant potential for carbon storage in Indonesia. “A study by Lemigas indicates that Indonesia can store approximately 600 gigatons of carbon. Considering our annual emissions are below 1 million gigatons, the scope for carbon storage here is immense. This is why we are eager to explore cross-border CCS ventures,” Mahardi explained.

Mahardi also mentioned that two locations, the Sunda Asri CCS hub in South Sumatra and Cilegon in Banten, are being developed in partnership with PT Pertamina and Exxonmobil, demonstrating the viability of CCS projects in Indonesia. Another notable project is the Tangguh LNG, a Carbon Capture Utilization Storage (CCUS) initiative by BP Global, showcasing the country’s commitment to innovative carbon management strategies.

The ministry is particularly interested in attracting investments from countries with established carbon tax policies, such as Malaysia, Singapore, Japan, and South Korea. These nations actively seek cross-border opportunities to mitigate carbon emissions, aligning with Indonesia’s environmental goals.

“We are committed to adhering to the highest safety and security standards in our CCS projects, as exemplified by our partners like Pertamina, Exxon, and BP, who have decades of experience in this field,” Mahardi said. (nsh)

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