Special Envoy of the President of the Republic of Indonesia for Climate and Energy, Hashim Djojohadikusumo, renews the country’s readiness to become regional hub for carbon storage through mastery in Carbon Capture and Storage (CCS) technology.
“Industry, including cement, can be a partner of ExxonMobil and bp (which have the CCS technology). In fact, Indonesia has the potential to become a storage place for CO₂ emitted from abroad, such as Singapore,” Hashim said as quoted by CNBC on Wednesday, February 5, 2025.
Two global energy giants, ExxonMobil and bp have expressed their commitment to developing CCS technology in Indonesia. This technology is expected to help reduce emissions from Coal-fired Power Plants (PLTU).
Hashim cited that bp has started a US$ 7 billion program, most of which is allocated for the CCS project. Meanwhile, ExxonMobil plans to invest US$ 15 billion to develop similar technology in Indonesia.
“BP has started a US$ 7 billion program, most of which is for CCS, where they have cavities or underwater cavities. ExxonMobil is the same. With this technology, we can capture and retain CO₂ emitted by PLTUs,” Hashim said.
He added that in its implementation, the PLTU will be equipped with a special tool capable of converting CO₂ into liquid form. The liquefied carbon will later be injected into the underwater cavity as part of the long-term storage process.
The entry of large investments from global companies and the development of CCS technology not only help reduce domestic emissions, but also open up new economic opportunities through cooperation with other countries that need carbon storage facilities.
