Tuesday, July 16, 2024

KPI open for partnership in green refinery development

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Gusty da Costa

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PT Kilang Pertamina Internasional (KPI), a subsidiary of State oil and gas company PT Pertamina, is opening the opportunity for investors and strategic partners to develop environmental friendly green refineries.

KPI’s Director of Business Planning & Development, Isnanto Nugroho, said the company will continue its low carbon business commitment to strengthen the country’s energy transition roadmap, including through the National Strategic Projects (PSNs) it manages.

“KPI is open to strategic collaboration opportunities to gain financial support, transfer of technology and expertise, and industry connections that are important in accelerating Indonesia’s 2060 Net Zero Emission (NZE) plan,” Isnanto said on Tuesday, June 25, 2024.

He cited a number of advantages in investing in KPI’s green refinery and clean energy projects.

“First is manitainin KPI’s position as a leader in the Indonesian refinery industry, where KPI produces around 1 million barrels/day of petrol and non-fuel products, and is integrated with petrochemical plants,” he said.

KPI is a company that oversees six refinery operating units and refinery subsidiaries, including PT Pertamina Balikpapan Refinery (KPB) and PT Pertamina Rosneft Processing & Petrochemical (PT PRP&P) and PT Tuban Petrochemical Industries.

The second advantage, continued Isnanto, is related to KPI’s ability to adapt and master new technologies.

“An example is the Biofeedstock co-processing technology at our refinery which is important for the production of Biofuel, or clean energy,” he said.

Next is the market potential in Indonesia. With the synergy of Pertamina Group, according to Isnanto, KPI has a large market share in Indonesia.

Another point emphasized by Isnanto is the excellence of KPI’s Environmental, Social, and Governance (ESG) management.

“Currently, KPI’s ESG score is 24.2 which is classified as Medium Risk according to the Sustainalytics rating agency. The predicate is satisfactory as it shows that KPI has implemented company management according to ESG standards,” Isnanto said.

PT Kilang Pertamina Internasional (KPI) is a subsidiary of Pertamina with oil processing as its core business.

Gusty da Costa

Journalist

 

Editor

 

Interview

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