Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, says Indonesia is developing two Carbon Capture and Storage (CCS) projects, targeting at reducing carbon emissions and combating climate change, while simultaneously aiming for becoming CCS hubs in Asia.
The two projects, BP Tangguh and Sunda Asri, involve CCS technology that captures carbon dioxide (CO2) emissions from large sources and storing them underground to mitigate climate change by reducing the amount of CO2 released into the atmosphere.
“BP Tangguh has a storage capacity of 1.8 gigatons of CO2 and holds the potential to become Indonesia’s first CCS hub,” Luhut said as quoted from his social media account on Wednesday, July 31, 2024.
BP Tangguh in West Papua is not only set up to capture and store CO2 from various industries within Indonesia but also aims to serve international sources.
Meanwhile, the Sunda Asri project, situated in Western Indonesia, is being developed by State oil and gas company Pertamina in collaboration with Exxonmobil and is also poised to become a CCS hub, potentially storing CO2 from Singapore and domestic industries struggling to reduce their emissions.
Luhut emphasized the broader benefits of these CCS projects, including attracting new investments, creating job opportunities, and facilitating technology transfer.
He expressed optimism that BP Tangguh and Sunda Asri could serve as successful models for future CCS initiatives.
“This strategic initiative offers substantial benefits for Indonesia, not only environmentally but also economically and technologically,” Luhut said.
He suggested that international cooperation and strong commitment to technological innovation are crucial for achieving global emission reduction targets and ensuring a cleaner, more sustainable future for Indonesia.
