Tuesday, May 28, 2024

Indonesia and the US strengthens partnerships through semiconductor and CCS collaboration

Reading Time: 2 minutes
Journalist IBP

Journalist

Mahinda Arkyasa

Editor

Interview

Presidents Joko Widodo and Joe Biden elevate Indonesia-U.S. relations to a comprehensive strategic partnership alongside collaboration between Pertamina with ExxonMobil and Chevron in Washington DC on November 13, 2023.

Biden hails the partnership as a new era and expresses hope for even closer ties between the two nations, emphasizing the elevation of their relationship to the highest level.

The U.S. and Indonesia commit to creating a robust, secure, and sustainable global semiconductor value chain. A comprehensive review of Indonesia’s semiconductor ecosystem sets the stage for further U.S.-Indonesia partnerships.

The collaboration in semiconductor business development is crucial, according to the White House. The U.S. aims to lead a trade delegation of semiconductor companies to Indonesia in partnership with industry associations.

During the meeting, Jokowi appreciates the U.S. initiative to strengthen economic cooperation, especially in the commodity supply chain. Indonesia seeks a partnership contributing to regional and global peace and prosperity.

The U.S. pledges a US$ 131 million investment in Indonesian emerging companies through the International Development Finance Corporation. Additionally, the U.S. promises to enhance digital connectivity in rural Indonesia through grants from the U.S. Trade and Development Agency (USTDA).

ExxonMobil shows interest in CCS potential in Java Sea

The U.S. facilitates private sector investments in Indonesia, fostering a partnership between ExxonMobil and Indonesia to boost industrial growth and drive decarbonization in the Indo-Pacific.

Investing IDR 15 trillion, ExxonMobil and Pertamina conduct a joint study on potential carbon capture and storage (CCS) hubs in the Java Sea capable of storing three gigatons of carbon dioxide.

ExxonMobil signs two agreements with Pertamina, advancing CCS Hub plans. Indonesia sees these agreements as a significant step toward becoming a leader in emission reduction.

ExxonMobil and the Indonesian government sign a MoU on advancing a state-of-the-art petrochemical complex in Indonesia. The complex aims to produce high-quality polymers to meet the growing Asian market demand.

ExxonMobil, investing US$ 17 billion in emission reduction initiatives, focuses on CCS to support third-party emission reduction and its own operations.

Chevron and Pertamina collaborates on CCS in Kalimantan

PT Pertamina and Chevron collaborate on CCS in East Kalimantan, Indonesia. The Joint Study Agreement (JSA) assesses the feasibility of CCS in the region.

Pertamina commits to developing low-carbon businesses through CCS projects, aligning with global efforts for a carbon-neutral future.

Inking three Confidentiality Agreements, Pertamina and Chevron share geological, geophysical, and commercial information. The collaboration signifies a key step in Indonesia’s journey toward emission reduction leadership.

Pertamina, Chevron, and the Indonesian government sign agreements for the CCS Hub and a petrochemical complex. These transformative projects aim to reduce emissions and boost Indonesia’s economy.

Pertamina, as a leader in energy transition, embraces CCS projects. The collaboration with Chevron focuses on integrating emission sources in Balikpapan and Bontang.

Nicke Widyawati, CEO of Pertamina, emphasizes the strategic importance of CCS projects in Indonesia, positioning the country as a potential carbon capture and storage center in Southeast Asia.

Journalist IBP

Journalist

Mahinda Arkyasa

Editor

 

Interview

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