Skychain Technologies Inc. (TSXV: SCT) (OTCQB: SKTCF) (Skychain or the Company) announces that the Company proposes to sell a non-brokered private placement (the Private Placement) of common shares (the Shares) at a price of $0.60 per Share for gross proceeds of $2 million dollars. The proceeds from the Private Placement will be used for general working capital, the new business and for the development of the Company’s projects.
The Private Placement is subject to the approval of the TSX Venture Exchange. All securities issued pursuant to the Private Placement will be subject to a hold period of four months and one day.
In addition, the Company is pleased to announce the appointment of Mr. John Yang to the position of Chief Strategy Officer. Mr. Yang brings over 15 years of interdisciplinary expertise in managing international companies in the tech and marketing fields. He has been involved with blockchain development and crypto mining since early 2016. As a successful entrepreneur in the tech sector Mr. Yang will bring his vast innovative experience to assist with the growth of the Company.
About Skychain Technologies Inc. Skychain Technologies Inc. is a Vancouver based company providing Blockchain Infrastructure services and power solutions. To learn more, visit www.skychaintechnologiesinc.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.
Statements in this news release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the company can fulfill such forward-looking statements and the company undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the company, some of which are beyond the company’s control.
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Infocus International Group, a global business intelligence provider of strategic information and professional services, has set the new date for Power Purchase Agreement (PPAs) online workshop and it will be commencing live on 9 March 2022.
There are many moving pieces affecting the future of electric power development in emerging markets. Unlike the past Independent Power Project models, which featured standardised take-or-pay contracts – today’s market demands more innovative incentives to ensure better availability, better performance, as well as more attractive and sustainable mixtures of fuel sources. Economies throughout developing countries urgently need to master the key tools, models, and lessons learned for transforming and strengthening today’s electricity sector. These include the latest models in negotiating PPAs, in designing and managing new competitive power markets, as well as attracting the right mix of renewable energy sources.
Throughout the five sessions, it provides attendees clear explanations of the new models of PPAs risk allocation, of designing and managing competitive power markets, attracting private investments in renewable energy, through a series of real case examples of contracts and markets. Case Studies will include real examples from Africa, Middle East, Asia, Europe and North America. Furthermore, cases stimulate independent thinking and discussion among participants.
Past participant from Energy Commission Malaysia shared, “The course on PPA has really broadened my understanding of how a bankable PPA should be. It covers all aspects of it.”
“The course was an eye-opener for me as it clarified for me the parties & responsibilities as much,” said past participants of Enel Green Power.
Book your seat now and discover valuable lessons to be learned from the European experience.
Course Sessions:
– Utility and corporate renewable PPA structures – PPA risk assessment and valuation – PPA pricing – PPA contracts and risk mitigation – Financing and PPA negotiations
Benefits of Attending:
– Learn about all the essentials of corporate renewable PPAs – Perform a policy and risk analysis of PPA contracts – Learn theory and practice of pricing and tariff design – Run a risk assessment – Evaluate different risks and mitigate these risks under the PPA – Lead successful power project finance transactions – Negotiate fair and sustainable PPAs
Want to learn more? Simply email emilia[at]infocusevent.com or call +65 6325 0210 to obtain your FREE COPY of the event brochure. For more information, please visit www.infocusinternational.com/ppa-online.
About Infocus International Group
Infocus International is a global business intelligence provider of strategic information and professional services for diverse business communities.
Infocus International recognises clients’ needs and responds with innovative and result oriented programmes. All products are founded on high value content in diverse subject areas, and the highest level of quality is ensured through intensive and in-depth market research from local and international insights.
“Our expansive plan will help Indonesia to achieve the net zero emission target by 2060.”
Pertamina Geothermal Energy (PGE) has planned to expand its installed geothermal power plant capacity in order to provide greater contribution to the reduction of greenhouse gas emissions in Indonesia, and support achieving the sustainable development goals (SDGs) on climate action, through implementing Environmental, Social, & Governance (ESG) based programs.
PT Pertamina Geothermal Energy’s (PGE’s) geothermal power plant. [ANTARA/HO-PGE]
“Our expansive plan will help Indonesia to achieve a net zero emissions target by 2060,” said the Chief Financial Officer (CFO) of Pertamina Geothermal Energy, Nelwin Aldriansyah, during a discussion session at the UN Global Compact on responsible business conduct and climate ambition, held virtually on Wednesday, Nov 10.
The UN Global Compact is a “voluntary initiative based on CEO commitments to implementing universal sustainability principles, and taking steps to supporting UN goals. Pertamina reiterates its commitment to achieving SDGs through the implementation of Environmental, Social, and Governance (ESG) based programs in their operational areas.”
According to Aldriansyah, PGE is planning to issue its own wind green bonds in the first half of next year (2022) in addition to PT Pertamina’s plan to issue green bonds in 2022. “Proceedings of green bonds will be used to refinance our existing conventional loans and also to finance our capex (capital expenditure) plan in developing new geothermal projects in Indonesia,” he said.
With such an initiative, PGE would be expected to gain an additional 375 megawatts (MW) over the next four years, from the current installed capacity at its geothermal power plant of 672 MW.
“We are aiming to have a total installed capacity to 1,500 megawatts by 2030,” Aldriansyah remarked. He expressed optimism that with such an additional capacity, PGE would contribute significantly to Pertamina’s plan to decarbonize its assets and reduce emissions by 30 percent by 2030.
“At our current capacity, we currently reduce emissions by about 3.5 million tonnes of carbon dioxide (CO2) per annum. And with the additional capacity, we expect to reduce the emissions further, to six million tonnes annually over the next four years, and to 12 million tonnes by year 2030,” he stated.
Aldriansyah stated that the government of Indonesia aims to improve its energy mix with the use of renewable energy sources from the current 12 percent to 23 percent by 2025. He expressed confidence that the increased use of energy mix would provide ample room for renewable energy companies such as Pertamina Geothermal Energy to expand installed capacity and provide higher contributions to emissions reduction.
The CFO believes that financing plans, including the issuance of green bonds next year, can support the capacity growth in the future, which will contribute significantly to Pertamina’s objective to decarbonize its asset portfolio. “It is also aligned with the Indonesian Government’s commitment to Paris Agreement,” added Aldriansyah, “And with goal No.13 of the sustainable development goals (SDGs) on climate action.”
BYD ADL pure-electric buses are playing a prominent role at COP26, the 26th United Nations Climate Change Conference in Glasgow. A fleet of ten BYD ADL Enviro400EV double deck buses have provided zero-emissions VIP transportation for world leaders, including UK Prime Minister Boris Johnson and UN Secretary-General Antonio Guterres, as they made the journey from the conference’s secure Blue Zone to an evening reception at Kelvingrove Art Gallery hosted by HRH The Prince of Wales.
UK Prime Minister, Boris Johnson, arrives at Kelvingrove Art Gallery (Credit: Karwai Tang / UK Government)
The 10 Stagecoach’s BYD ADL Enviro400EV electric double deckers aligned (Credit: Alexander Dennis Limited / Keith McGillivray)
One of the 22 BYD ADL Enviro200EV eBuses from First Glasgow’s shuttle service at COP26 (Credit: Alexander Dennis Limited / Keith McGillivray)
The British-built eBuses, produced within the electric bus partnership between BYD and Alexander Dennis Ltd (ADL), demonstrate how electrification is braced to transform public transportation on a global level. The successful BYD ADL partnership, which utilises pioneering BYD battery and integrated powertrain technology, has to date delivered or taken orders for over 1000 zero-emission buses in the UK.
As the world’s leading eBus manufacturer, BYD has delivered over 68,000 electric buses around the globe, and over 500 pure-electric, British-built buses to customers in the UK.
With 26 years of pioneering experience in battery research and development, production and application, BYD is the only automobile manufacturer to produce its own power train system, battery, motors and motor control system.
BYD ADL Enviro400EV electric buses were used for this privileged occasion to transfer dignitaries from around the world at COP26 following a collaboration between ADL and Stagecoach, the UK’s largest public transport operator. The double deck eBuses, built in Scotland as part of the BYD ADL partnership will be used for Stagecoach operations. They have been painted in Transport for London’s iconic red.
As the UK’s best-selling double deck electric bus, the BYD ADL Enviro400V is already in service in many public transport fleets nationwide. Its impressive driving range of 160 miles (257 km) and reputation for reliability makes it a viable choice for many bus operators.
An Enviro400EV double deck electric bus is also being exhibited in the prestigious Blue Zone at COP26. This follows ADL’s invitation from the UK Government to showcase its latest innovations in sustainable transport to negotiators and global leaders attending the conference. It has been kindly loaned by another BYD ADL customer and bus operator, National Express, from its West Midlands fleet.
The eBus on show in the Blue Zone is the perfect example of sustainable, clean and practical transportation. Its design and pioneering technology combined, is expected to draw strong global interest at the event as more countries implement transition to electrification, in a practical move towards net zero emissions and reduced air pollution.
Paul Davies, ADL President & Managing Director, said: “We’re delighted that world leaders have had the opportunity to ride on our world-leading double deck buses. COP26 is focused on finding solutions to the climate emergency and we are proud to have been able to demonstrate a zero-emission solution that is available right now. Clean electric buses are key to reducing transport emissions around the globe and encouraging modal shift to sustainable transport modes. Zero-emission buses are available today and ready to be rolled out at scale.
“We are particularly delighted that Prime Minister Boris Johnson, as an avowed supporter of British-built zero-emission buses, was able to show world colleagues the level of innovation and expertise offered by Britain’s world-class bus manufacturing industry.”
Isbrand Ho, Managing Director, BYD Europe B.V., said: “We are proud to see BYD ADL eBuses being experienced first-hand by esteemed world leaders and other influential delegates who can really make a difference in tackling climate change. BYD is committed to pioneering zero-emissions solutions for clean, reliable eco-friendly transportation. We are proud to collaborate with others who share our vision, as part of the global effort to support net zero targets.”
It is not only in the Blue Zone of the conference where the Enviro400EV bus makes an appearance. It has played a high-profile role in the ‘Road to Renewables’ electric bus tour which started in London and finished its 11 day 968 mile journey on 29th October in Glasgow, three days before COP26 opened its doors. The event was a collaboration between COP26 partner SSE, the Go-Ahead group and other partners including BYD ADL, and promoted innovative projects for decarbonisation, such as Bus2Grid.
The eBus activity extends further at COP26. Additionally, BYD ADL eBuses are in operation by First Bus as part of the all-important shuttle service for delegates attending the Conference. A fleet of 22 Enviro200EV zero-emission buses, all built in Scotland, are being used for this purpose.
Pictures Credits Please note that the images showing the arrival and alighting at Kelvingrove Art Gallery should be credited to Karwai Tang / UK Government. Other images should be credited to Alexander Dennis Limited / Keith McGillivray.
About BYD BYD (Build Your Dreams) is a multinational high-tech company devoted to leveraging technological innovations for a better life. BYD now has four industries including Auto, Electronics, New Energy, and Rail Transit. Since its foundation in 1995, the company quickly developed solid expertise in rechargeable batteries and became a relentless advocate of sustainable development, successfully expanding its renewable energy solutions globally with operations in over 50 countries and regions. Its creation of a Zero Emissions Energy Solution, comprising affordable solar power generation, reliable energy storage, and cutting-edge electrified transportation, has made it an industry leader in the energy and transportation sectors. BYD is a Warren Buffet-backed company and is listed both on the Hong Kong and Shenzhen Stock Exchanges. More information on the company can be found at http://www.byd.com.
Infocus International Group, a global business intelligence provider of strategic information and professional services, is bringing back the Mastering Clean Hydrogen online masterclass and it will be commencing live on 20 January 2022.
The “hydrogen economy” was first described 50 years ago, but failed to develop. Now hydrogen is making a comeback, with unprecedented momentum from both policymakers and industry amid a background of energy decarbonisation. Nevertheless, given its failure in the past, current investors and business developers in the sector are strongly advised to ensure they understand the complexities and competitive environments of the hydrogen landscape.
This live online masterclass combines an excellent overview of the different elements of the clean hydrogen sector with a series of critical thinking and analysis exercises which provide clear guidance on market assessment requirements, including key opportunity and risk influences.
If you are seeking a wide-ranging, hype-free and independent perspective on the markets and supply chain activities which will (and won’t) drive demand for clean hydrogen, this comprehensive course is designed for you. Attendees will have a clearly explained, business-focused perspective on the competitive context of hydrogen across its various use cases. Attendees will be able to separate what is actually happening in the market from the headlines and hype, and to identify the drivers and credible near-term opportunities for your business. Attendees will evaluate barriers to hydrogen within certain market segments and its competitive advantages in others, illustrated by examples from a global perspective.
Executive Director of PTC India commented, “The course was informative, extensive in coverage and insightful. The five sessions were able to build up a tempo very well, and I am happy that I attended the course and also endorsed it for participation by some of my other colleagues.”
“From zero to great knowledge and full of information regarding hydrogen production. The sessions cover everything including policies around the globe, market segmentation, technical and commercial analysis of hydrogen plants,” said Senior Engineer of Tenaga Nasional Berhad.
Grab this opportunity to gain the knowledge and tools to segment and analyse opportunity & risk within emerging hydrogen economies.
Course Sessions
– Hydrogen market segmentation and assessment – Examining key hydrogen applications and markets – Producing hydrogen from renewable power – Storing and moving hydrogen – Developing and growing hydrogen value propositions
Benefits of Attending:
– Gain a clear understanding of hydrogen industry technologies, terminologies & metrics – Review the value chain from hydrogen production to end-use market demand – Focus on the production of clean hydrogen from renewable power (“green” hydrogen) – Understand the competitive playing field and the economic variables that will impact it – Discuss the key practical delivery challenges facing clean hydrogen projects – Learn key lessons from project examples and proposals from around the world
Want to learn more?
Simply email emilia[at]infocusevent.com or call +65 6325 0210 to obtain your FREE COPY of the event brochure. For more information, please visit https://www.infocusinternational.com/hydrogen.
About Infocus International Group
Infocus International is a global business intelligence provider of strategic information and professional services for diverse business communities.
Infocus International recognises clients’ needs and responds with innovative and result oriented programmes. All products are founded on high value content in diverse subject areas, and the highest level of quality is ensured through intensive and in-depth market research from local and international insights.
PT Pertamina(Persero) has been implementing four community programs, based on adaptation and mitigation approaches as its Environmental, Social, and Governance (ESG), to support the government’s climate village program on reducing carbon emission.
“In conducting the climate village program, Pertamina facilitates multi-stakeholders and multilevel collaboration in implementing a concrete climate action at the local level, especially in each nearby village from our operation areas,” the company’s corporate secretary Brahmantya Satyamurti Poerwadi said during an online talk show held at the Indonesia Pavilion on the sidelines of the 26th UN Climate Change Conference (COP26) in Glasgow on Tuesday.
The four approaches taken by Pertamina are greening to increase and maintain vegetation cover, waste management, utilization of new and renewable energy (NRE) as well as agricultural cultivation with low greenhouse gas emissions to prevent land and forest fires.
By having planted more than 300,000 mangroves in collaboration with the community and local governments, Pertamina has succeeded in supporting economic independency through eco-tourism program that has provided positive socio-economic impact to more than 3,000 beneficiaries. “The preservation of mangroves has become our concern,” Poerwadi asserted, adding that such a program resulted in Rp900 million of group income per year.
The greening program has proven Pertamina’s commitment to achieving the Sustainable Development Goals (SDGs), particularly the 15th point, such as protection, restoration, and improvement of a sustainable ecosystem, forest sustainability management, land restoration, and avoiding the excision of biodiversity.
In accordance with its core competency in energy sector, Pertamina takes the opportunity to promote awareness and intensify the utilization of potential sources of NRE available in the community. It aims to build energy independency at the community level as well as develop economic and value-creation for the community, he said. “The energy sources are various from solar, wind and water – which are simply provided by the nature and can be easily found by the community in their surrounding area,” he explained.
The program has generated more than 4 million watt-peak of solar electricity and economic income valued close to Rp200 million per year.
Pertamina is also improving its competencies in waste management by transforming waste to energy. Through this program, Pertamina develops the use of biogas for cooking and electricity needs, also transforming used cooking oil into biofuel. “The program is implemented in a number of areas. The utilization of more than 400,000 cubic meter of methane gas per year is estimated to create added value for more than 5,000 beneficiaries,” Poerwadi explained.
In the agricultural sector, Pertamina and the community in Sumatra area have made a unique breakthrough program by empowering the firefighter groups. The program carried out consists of developing technology to extinguish forest and land fires, as well as cultivating of productive plant on peat land. “With this activity, the community has succeeded in taking steps to prevent forest fires. In addition, Pertamina also helps the community to develop integrated farming,” he informed.
Through the program carried out in several operation areas within total area of more than 100 hectares, Poerwadi said that it has a positive impact on more than 1,000 beneficiaries and also improve the group of income with total value more than Rp900 million per year. “We believe that to achieve climate action target, all elements at various levels should work hand in hand to build climate resilience and minimize the greenhouse gas emissions,” he remarked.
Indonesia is aiming to create 20,000 climate villages by 2024, in order to encourage people to improve climate resilience through adaptation actions and contribute to reducing greenhouse gas emissions through mitigation.
Joint venture will expand the Group’s business presence in renewable energy market to jointly secure, supply, construct, develop and manage solar panel facilities in Malaysia
In first project more than 6,000 solar panels, capable of generating 3.19MWp, will be installed on the roof of Melaka’s largest mall, Dataran Pahlawan Melaka Megamall, which is managed by Hatten Group conglomerate
JVC will enter into power purchase agreement with majority owner of the mall and manage rooftop project for 21 years
Hatten Land expects green energy generated from project will reduce approximately 72,248 tons of carbon dioxide over project lifespan, equivalent to planting more than 137,000 trees
Hatten Land Limited announced today it will form a joint-venture company (JV”) with Bursa-listed Nestcon Berhad (Nestcon) to pursue renewable energy activities including installing over 6,000 solar panels on the roof of Melaka’s largest mall.
SGX Catalist-listed Hatten Land (the Company, and together with its subsidiaries, the Group)’s wholly-owned subsidiary, Hatten Renewable Energy Sdn. Bhd. (Hatten Renewable Energy) has signed a joint-venture agreement (JVA) with Nestcon Sustainable Solutions Sdn. Bhd. (NSS), a wholly-owned subsidiary of Nestcon.
The JVA follows the Group’s announcement in September 2021 that it had formed a strategic partnership with Nestcon for solar energy activities. The JVA is part of a strategic pivot undertaken by Hatten Land to re-purpose its malls in Malaysia for digital and blockchain activities including cryptocurrency mining enabled by renewable energy.
The JVC’s first project is to develop a 3.19MWp solar photovoltaic plant and facility (“SPPF”) involving more than 6,000 solar panels to be installed on the rooftop of Dataran Pahlawan Melaka Megamall and to manage it for 21 years. The mall – the largest mall in the historical city – is managed by the Hatten Group conglomerate, which has a mall footprint with a combined floor area of more than six million square feet.
Upon completion of the project in 2022, the project will generate approximately 3,900 MWh per year, the equivalent of powering more than 1,100 three-room flats for an entire year. The green energy generated over the lifetime of the project will reduce approximately 72,248 tonnes of carbon dioxide, equivalent to planting more than 137,000 trees.
The Company and Nestcon will also collaborate with other potential partners to jointly secure, supply, construct and manage large-scale solar photovoltaic (“LSSPV”) facilities, targeting 100 MWp, in Malaysia.
Enhancing Synergies for Hatten Land’s “Green” Technology and Digital Initiatives
Aligning its business model with the growth trends of the digital economy, Hatten Land is re-purposing its malls in Melaka and has announced various plans that include the following: – Installation and operation of 3,000 crypto mining rigs with two partners; – Creating a ‘metaverse’ digital twin of historical Malaysian city and to develop a dedicated token system, create digital assets, including nonfungible tokens (“NFTs”); and – Setting up a joint venture with Hydra X to develop and operate cryptocurrency exchanges focused on “green” and “clean” cryptocurrencies and tokens, which are believed to be the first such exchanges worldwide.
Adopting a sustainability approach for its technology and digital initiatives, the JVC will allow the Group to reduce Hatten Land’s net carbon footprint, enhance ‘green’ cryptocurrency mining capacity, lower energy costs and improve business synergies among its operations.
Significant Opportunities in Renewable Energy Market under the Reforms of Malaysia Electricity Supply Industry 2.0 Malaysia has an encouraging future in renewable energy adoption, complemented by a broadly attractive investment environment. Renewables currently contribute 23% to Malaysia’s energy mix, dominated by hydropower technologies.
Solar energy, supported by mechanisms to promote affordability, has by far the highest technical potential in Malaysia which allows installation of panels for self-consumption. Its Net Energy Metering Programme provides a pathway to self-generation with excess energy sold to the grid. The nation’s large-scale solar projects offer a successful pathway to utility-scale solar adoption.
Dato’ Colin Tan, Executive Chairman and Managing Director of Hatten Land, said: “The joint-venture marks a significant milestone in our strategic pivot. Apart from re-purposing our malls for digital economic activities, our sustainability efforts are being implemented amid increasing environmental concerns worldwide. This joint venture with Nestcon will create new business opportunities and synergies towards the emerging ESG trends.”
Datuk Ir. Dr. Lim Jee Gin, Group Managing Director of Nestcon, said: “The joint venture with Hatten Land marks a promising enhancement of the expansion of our building and infrastructure construction business into the renewable energy segment. This joint initiative will generate sustainable revenue to our group while reducing carbon emissions by generating electricity through a greener method.”
Note: This media release is to be read in conjunction with the SGX announcement released on the same date.
About Hatten Land Limited Hatten Land Limited is one of the leading property developers in Malaysia specialising in integrated residential, hotel and commercial developments. Headquartered in Melaka, it is the property development arm of the conglomerate Hatten Group, which is a leading brand in Malaysia with core businesses in property development, property investment, hospitality, retail and education.
Hatten Land Limited began trading on the Catalist board of SGX-ST on 28 February 2017 after the completion of the reverse takeover of VGO Corporation Limited. For more information, visit: www.hattenland.com.sg.
For Hatten Land share information, please refer to SGX: PH0; RIC: HATT. For Nestcon Berhad share Information, please refer to KLSE: 0235; RIC: NESTCON.
Issued on behalf of Hatten Land Limited by WeR1 Consultants Pte Ltd. Media & Investor Contacts: Mr Isaac Tang Mobile: +65 9178 0269 Email: hatten@wer1.net
PT Pertamina (Persero) is committed to create sustainable business processes to become a leading global energy company with a reputation for being environmentally friendly, socially responsible, and with good governance.
To carry out this commitment, Pertamina implements the requirements of several standards that are applied in the world such as the International Organization for Standardization (ISO) ISO 14001:2015 related to Environmental Management, ISO 45001:2018, ISO 50001:2018 related to Social Responsibility, ISO 37001:2016 regarding Energy Management, ISO 27001:2013 Anti Bribery Management System, ISO 27001:2013 Information Security Management Systems, and ISO 26000:2010 Social Responsibility.
Pertamina’s efforts to implement global standards have had positive impacts. From the environmental aspect, it has resulted in a reduction of 6.6 million tons greenhouse gas emissions of CO2 equivalent. Saved energy by 92.5 million GJ, reduced waste by 8.6 tons, 3R non-hazardous waste by 10,628 tons, 3R hazardous waste by 180 thousand tons, and saved water use of 29.6 million m3.
This success has led Pertamina to receive 170 PROPER (Company Performance Rating Program in Environmental Management) awards in 2020 which include 16 Proper Gold, Green (64), and Blue (90). The assessment is held annually by the Ministry of Environment and Forestry of the Republic of Indonesia on the management of environmental aspects by the company.
Vice President HSSE Policy Standard & Risk Management System of PT Pertamina (Persero) Leodan Haadin, at one of the forums held by the Indonesian Pavilion at the United Nations Climate Change Summit in Glasgow, Scotland (3/11), stated that, in order to ensure that the management of environmental aspects gets attention in all business units, the achievement of PROPER is included as part of the main performance indicators (KPI) in Pertamina’s business scope, both Subholding and subsidiaries.
“One thing that to be proud of is that 50 percent of the total companies in Indonesia that achieve the ‘beyond compliance’ criteria, all come from the Pertamina Group,” said Leodan.
In line with that, said Leodan, the PROPER criteria also answer the 17 Sustainable Development Goals (SDG), thus encouraging companies to support the achievement of the SDGs. From the environmental aspect, Pertamina’s priority is aimed toward controlling climate change, reducing the environmental footprint, and protecting biodiversity. Moreover, from the social aspect, Pertamina shows high concern for occupational health and safety, preventing large-scale accidents, recruitment and retention of employees that refers to the principles of equality and Human Rights, Innovation and Research as well as impact and engagement with the community around the operation. Whereas, from the governance aspect, Pertamina focuses on cyber security and corporate ethics.
With various efforts to implement ESG aspects, Pertamina was able to get an ESG rating of medium risk with a score of 28.1 and was in the 15th position out of 251 world companies and the seventh Percentile among global oil and gas companies.
“ESG alignment can provide several benefits for businesses. For example, good ESG quality can help companies to expand financing options and develop competitive advantages, which can drive business performance,” concluded Leodan.
Media Contact Heppy Wulansari Pjs. Vice President Corporate Communications PT Pertamina (Persero) M: +62 811-296-949 E: heppy@pertamina.com
PT Pertamina (Persero) increases its contribution to Indonesia’s energy mix by encouraging the growth of new and renewable energy (NRE). The commitment is shown in the company’s total capital expenditure of USD 92 billion for 2020-2024, of which 9 percent, or USD 8.3 billion will be allocated for NRE.
Iman Rachman, Director of Strategy, Portfolio, and Business Development of Pertamina, during a talk show on the sidelines of the 26th United Nations Climate Change Conference (COP26) in Glasgow, Scotland, Wednesday (3/11).
“For energy mix, our NRE program from 2019 of 13 percent will increase to 17 percent in 2030,” said Iman Rachman, Director of Strategy, Portfolio and Business Development at Pertamina, during a talk show on the 26th United Nations Climate Change Conference (COP26) in Glasgow, Scotland.
Iman added, to expand the NRE portfolio, Pertamina has developed eight strategic initiatives. It includes optimizing the potential and increasing geothermal energy capacity, utilizing green hydrogen, which will use electricity from the company’s geothermal field with a total potential of 8,600 kilograms of hydrogen per day.
Pertamina is also participating in a joint venture with Indonesia’s battery company with three other SOEs. The company will develop an EV battery ecosystem, including swapping and charging businesses.
In addition, Pertamina is also building a Green Refinery and developing Bioenergy, which consists of biomass/biogas, bio-blending gasoil, and gasoline, as well as producing bio-crude oil from algae and ethanol. The entire project will be ready for operation from 2025/2026.
“As an oil and gas company, we are trying to reduce the existing carbon footprint by implementing carbon capture, carbon utilization, and storage while increasing production in several existing oil and gas fields,” he said.
Pertamina also carries out other NRE initiatives, such as increasing generating capacity by utilizing PV solar, wind, and water power.
According to Iman, one of Pertamina’s most effective ways to increase its role in the growth of NRE in the energy mix is to collaborate with various parties globally with binding targets and clear transition plans.
“Pertamina is strongly committed to implementing COP26 agreement following the Energy transition carried out by the company,” he concluded.
Media Contact Heppy Wulansari Media Communications Manager PT Pertamina (Persero) M: +62 811-296-949, E: heppy@pertamina.com
In line with President Joko Widodo’s direction to transform businesses towards a green economy, Pertamina is pursuing the Government’s target of reducing 29% Greenhouse Gas (GHG) emissions by 2030 with its own efforts and 41% with international assistance.
President Director of Pertamina, Nicke Widyawati, and President of ExxonMobil Indonesia, Irtiza H. Sayyed, signed a MoU witnessed by the Coordinating Minister for Maritime Affairs and Investment of the Republic of Indonesia, Luhut Binsar Panjaitan, Coordinating Minister for Economic Affairs Airlangga Hartarto, Minister of SOEs Erick Thohir, and Deputy Minister SOE, Pahala N. Mansury, and Minister of Energy and Mineral Resources, Arifin Tasrif.
With that spirit, the Ministry of SOEs has also introduced a sustainable policy, namely “Eco Lifestyle,” The policy aims to create a better place for the future generation of Indonesia through green energy initiatives.
To support this step, the Ministry of SOEs encourages Pertamina to collaborate with various parties. It includes global companies in the development of Carbon Capture and Utilization and Storage/CCUS technology.
“This CCUS collaboration is an important partnership to reduce the effect of greenhouse gases and increase the national oil gas production capacity,” said Minister of SOE Erick Thohir.
The Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Panjaitan, appreciated and supported these efforts by encouraging cooperation between Pertamina and ExxonMobil in the application of low-carbon technology and CCUS. This collaboration will strengthen the sustainable strategic partnership between Pertamina and ExxonMobil, which has existed since the 1970s in the upstream sector and the downstream sector.
“The opportunities that the two companies are evaluating in Indonesia, coupled with the right government policies and industry collaboration, will have the potential to make the greatest impact in the highest-emitting sectors not just in Indonesia but also in Southeast Asia,” he said.
Coordinating Minister Luhut emphasized that with global climate change, it is important to reduce greenhouse gas (GHG) emissions. Therefore, it can overcome the increase in global temperature to not exceed 1.5 degrees Celsius.
In terms of reducing emissions, in the upstream sector, Pertamina has initiated several CCUS projects in the oil and gas field with the potential to reduce carbon dioxide up to 18 million tons. One of the CCUS technology developments was carried out at Gundih Field, Cepu, Central Java, which is integrated with Enhanced Gas Recovery (EGR) technology and has the potential to reduce around 3 million tons of CO2 in 10 years and increase oil and gas production. The project is planned to be operational in 2026.
“The application of CCUS technology is part of Pertamina’s energy transition to clean energy agenda. This low-carbon technology will support Pertamina’s business sustainability in the future,” said President Director of PT Pertamina (Persero) Nicke Widyawati.
The challenge in developing CCUS lies in the large investment value and the economic value that is not yet ideal. In responding to this challenge, Pertamina continues to synergize and cooperate with various world oil and gas companies to accelerate CCUS implementation through technology transfer, joint development, and increased capacity building.
Together with ExxonMobil, Pertamina will develop the application of low-carbon technology to achieve net-zero emissions in promoting global climate goals. CCS technology is applied through the application of a CO2 injection process into the subsurface layer. It is to be applied to depleted reservoirs in Pertamina’s working area, as well as assessing the potential for hubs and cluster schemes.
Pertamina and ExxonMobil will also review the sharing of technical subsurface data needed for the assessment of subsurface formation as a place to store CO2 and its characteristics at certain locations in Indonesia. The two companies will also review the sharing of infrastructure data including, pipelines, facilities, and wells data, to evaluate the reuse of existing infrastructure for transportation.
The application of this technology can also be applied to the production of blue hydrogen in combination with CCS technology. Another application that will be studied is CCUS, namely the use of CO2, which will be converted into value-added products whose application is carried out in the upstream and downstream oil and gas industries.
Therefore, President Director of Pertamina, Nicke Widyawati, and President of ExxonMobil Indonesia, Irtiza H. Sayyed, have signed a memorandum of understanding witnessed by the Coordinating Minister for Maritime Affairs and Investment of the Republic of Indonesia, Luhut Binsar Panjaitan, Coordinating Minister for Economic Affairs Airlangga Hartarto, Minister of SOEs Erick Thohir, and Deputy Minister SOE, Pahala N. Mansury, and Minister of Energy and Mineral Resources, Arifin Tasrif, Monday (1/11) at the United Nations Climate Change Summit in Glasgow, Scotland, taking place November 1-10, 2021.
Media Contact: Heppy Wulansari Media Communications Manager PT Pertamina (Persero) M: +62 811-296-949, E: heppy@pertamina.com
