Spritzer is back this year with its year-end thematic celebration coupled with Instagram-able decorations and exciting activities. The wish is to spread holiday cheer and togetherness for families and friends after two years of the COVID-19 pandemic. All are welcome to join the “Winter” Carnival in the Spritzer EcoPark from 16th December 2022 to 1st January 2023.
The company will feature a 28-foot Giant Christmas Tree partially made of recycled Spritzer Sparkling and Spritzer Natural Mineral Water bottles. Families and friends can also capture beautiful memories in the cosy Christmas setting with “Igloo-like” dome houses.
“Snow season” returns to Taiping, Perak after two years. The anticipated snowfall sessions will be available on select days, with four sessions per day, with each session lasting 30 minutes. – Snowfall dates: 16, 17, 18, 23, 24, 25 December 2022 – Session times: 6:30 p.m., 8:00 p.m., 9:00 p.m., 10:00 p.m.
Other “Winter” Carnival activities include giant outdoor bubble, pedal kart ride, mini golf in the park, fun fair game stations such as Flip the Bottle, Toss the Ring and more! You can also create your Christmas crafts from recycled materials.
Food and beverages are not to be missed during the carnival to help with your winter wonderment. Homemade popcorn and special concoction of Tropical Fizz using Spritzer Sparkling water are always recommended and choices for visitors to chill while enjoying outdoor activities.
Special workshops will be held for making delicious gingerbread and glutinous rice balls. Booking is not required; public is welcome to join us during the period! – Gingerbread workshop: 23-25 December 2022 (5:00 p.m. – 10:00 p.m.) – Glutinous rice ball workshop: 16-18 December 2022 (5:00 p.m. – 10:00 p.m.)
Spritzer encourages reuse and recycling by incorporating conservation and sustainability through eco-tourism in Taiping.
Once again, Spritzer would like to extend this invitation and the happiest holiday greetings to everyone! See all of you here!
IAFOR, ESG-IREC, and VRC in a Symposium exploring ESG, Sustainability, and The Value Model
Opening the COP27 Conference, UN Secretary-General Antonio Guterres chided world leaders about their ongoing inaction, warning that immediate, real and tangible action is required to address the climate crisis, or “we are on the highway to hell, with our foot on the accelerator.”
IAFOR GIVS Symposium 2022 to be held on November 18: https://givs.iafor.org/
According to Prof. Philip Sugai, Director of the Value Research Center (VRC) in Kyoto, Japan, “Corporations are now pressed to answer to a more diverse group of stakeholders, and while there are more than a hundred different types of ESG (Environment, Social, and Governance) evaluation and reporting systems, none yet offer the guidance and strategic value to businesses that are required to address the many complex issues facing business leaders today.”
The 2022 IAFOR Global Innovation and Value Summit (GIVS) is focused on providing one possible offramp from Guterres’s highway to hell, showcasing a new approach to measure and monitor the value created and destroyed by companies irrespective of their size, industry or location. The Value Model offers a powerful alternative to currently available ESG evaluation systems (ie MSCI, Bloomberg and FTSE4Good) with a new, more holistic approach for measuring, managing and creating value for a diverse group of stakeholders not yet found in any single existing ESG or sustainability reporting framework.
The 2022 GIVS event, “The Future of ESG and Value: Why ESG Evaluation Matters”, will include two panel sessions in the areas of sustainability, purpose, and value. Prof. Toshiya Hoshino, Director, ESG-Integration Research and Education Center (ESG-IREC) at Osaka University’s Osaka School of International Public Policy (OSIPP) and former Ambassador and Deputy Permanent Representative of Japan to the United Nations, will deliver the keynote speech. Having attended COP27 in Sharm el-Sheikh, Egypt, he will bring to the Symposium valuable insights on the difficult international negotiations at the COP27 conference.
The first panel session will cover critical issues that business leaders, regulators and policy makers need to focus on over the coming 12-24 months related to the implementation of ESG and sustainability within their organizations, and introduces the VRC Value Model. The second panel will explain the VRC Value Model and introduce the Value Model certification course.
13:00-13:30: Keynote Address – Prof. Toshiya Hoshino, Director, ESG-Integration Research and Education Center, Osaka School of International Public Policy (OSIPP), Osaka University
13:30-15:00: Session 1 – Moderator: Prof. Haruko Satoh, OSIPP; Value Measurement & Sustainability, Challenges & Opportunities (15 min presentation each, 30-minute discussion) – Speaker 1: Mr. Paul Beddie, International Ambassador, SAP – Speaker 2: Dr. Flocy Joseph, Singapore Management University – Speaker 3: Prof. Philip Sugai, Value Research Center (VRC), Doshisha University, Kyoto, Japan
15:00-15:15: Break
15:15-16:45: Session 2 – Introducing the Value Model and Value Model Certification Program – Speaker 1: Prof. Philip Sugai, Value Research Center (VRC) – Speaker 2: Dr. Kumar Iyer (VRC) – Speaker 3: Seitaro Owada (EcoRing)
16:45-17:00: Concluding address – Mr. Setsu Mori, CEO & Editor-in-Chief, Alterna Magazine
This course will be provided by the Value Research Center, in collaboration with the ESG-Integration Research and Education Center (ESG-IREC) at Osaka University’s Osaka School of International Public Policy (OSIPP), as well as the VRC Juku, a new membership organization dedicated to thought leadership in value creation and measurement, with D-Bridge, a non-profit organization at Doshisha University (Kyoto, Japan).
The time for action to attain UN Sustainable Development Goals (SDGs) is growing more critical every day. As neoliberal capitalism’s excessive focus on company and shareholders’ profits is increasingly identified as a major driver of environmental destruction as well as a host of social and economic inequality issues, today’s business leaders are evaluated not only on their ability to create profitable outcomes, but to do so while simultaneously delivering real, tangible value for the other stakeholders, which include customers, employees, partners, society and ultimately the planet.
About IAFOR Founded in 2009, The International Academic Forum (IAFOR) is a politically independent non-partisan and non-profit interdisciplinary think tank, conference organiser and publisher dedicated to discussion, awareness and exchange through educational interaction and academic research. Based in Nagoya, Japan, its research centre is in the Osaka School of International Public Policy (OSIPP), Osaka University. Visit https://iafor.org/.
About VRC The Value Research Center (VRC) at Doshisha University in Kyoto, Japan was established in November 2021. Its mission: to develop a practical system called The Value Model, enabling organizations to measure, monitor, assess and report on their impacts to 7 key stakeholders: the organization itself, its shareholders, employees, customers, partners, society, and the planet.
The VRC enhances The Value Model continuously, integrating new frameworks as they are introduced, bringing greater transparency, objectivity and measurability to value creation – in ways we don’t often see. The VRC Value Model gives government and industry the eyes to see impacts they’re actually having, and the ability to fix what’s broken, and enhance what they’re doing well. Visit www.valueresearchcenter.com.
About ESG-IREC The Osaka University Graduate School of International Public Policy – ESG Integration Research and Education Center (ESG-IREC) conducts research on practical implementable “ESG integration” models in corporate and business activities for the creation of a more sustainable future. Visit www.osipp.osaka-u.ac.jp/en/.
The energy transition process must take place in order to maintain sustainability, chair of the Energy, Sustainability, and Climate Business 20 (TF ESC-B20) Task Force, Nicke Widyawati, has said.
Chair of Task Force Energy, Sustainability, and Climate B20, Nicke Widyawati, during the 4th Task Force Energy, Sustainability, and Cimate Call Meeting of B20 Indonesia 2022 held in Jakarta on Tuesday (May 24, 2022). (ANTARA/HO-Pertamina)
During a “BloombergNEF (BNEF) Net Zero Summit” discussion initiated by the Coordinating Ministry for Maritime Affairs and Investment and the Asia Natural Gas and Energy Association (ANGEA), Widyawati, who is also the CEO and president director of state-owned energy company Pertamina, said that the energy transition process is a part of B20 activities.
During the discussion, she emphasized that the energy transition cannot be achieved in a short time.
“The process requires various kinds of technology, costs, and human resources that can reach the standards of renewable energy,” she explained.
When the energy transition process occurs, the demand for energy will also increase, she pointed out. Thus, energy security on a large scale will need to be maintained.
Widyawati then described several strategies carried out by Pertamina to overcome the challenges faced in balancing efforts to realize the energy transition for sustainability, including net zero emissions, with measures to maintain energy security.
“To achieve net zero emission (NZE) aspirations while maintaining energy security in Indonesia, Pertamina has developed some comprehensive strategies that are delivered through two main pillars and three medium-term strategies,” she informed.
The two main pillars are focusing on decarbonizing business activities and assets and developing new renewable green energy businesses.
Meanwhile, the first of the three medium-term strategies carried out by Pertamina to support NZE realization involves developing its carbon accounting standards to meet national and international standards.
The second strategy involves stakeholder engagement to fully support the achievement of national NZE targets, which will be supported by the company’s long-term investments.
The third strategy involves the company’s environmentally friendly sustainability business initiatives that will focus on biofuels, renewable energy sources, carbon capture storage (CCS/CCUS), batteries and electric cars, hydrogen, as well as self-sustaining carbon businesses.
Moreover, Pertamina has also developed a strategy to support the energy transition by allocating its capital expenditure (capex) for low emission energy and developing new renewable energy (NRE).
“We have set a goal to increase the green business portion in Pertamina’s revenue, which is from 5 percent in 2022 to 13 percent by 2030,” Widyawati said while providing details on the company’s share of capital costs for green energy.
The company has also predicted that its fossil fuel revenues will decline significantly from 86 percent in 2022 to 66 percent by 2040.
Furthermore, she highlighted that the goal of optimizing the capital allocation for green businesses has been coordinated by Pertamina with the government to ensure that the measures taken align with the national energy mix target for new renewable energy.
To balance financing, Pertamina has also made a long-term investment strategy, which has included the allocation of 14 percent of its capex for green energy business activities.
In addition, the company will continue to invest in fossil fuels and petrochemicals as the backbone of its current business in an effort to ensure that the energy transition process does not disrupt energy security.
Apart from the capital investment strategy, Pertamina is also collaborating with various parties to accelerate the achievement of green energy targets.
Contact: Heppy Wulansari, Pjs. Vice President Corporate Communication, PT Pertamina (Persero) Mobile: +62 811-296-949, Email: heppy@pertamina.com, URL: https://www.pertamina.com Written by: Yuni Arisandy Sinaga, Editor: Sri Haryati (c) ANTARA 2022
State-owned energy company PT Pertaminacommitted to support the Indonesian government to achieve net zero emissions (NZE) by 2060 through the decarbonization initiatives program currently implemented by the company.
Senior Vice President of Strategy and Investment of Pertamina Daniel Purba speaks at a discussion organized on the sidelines of COP27, at the Indonesian Pavilion in Sharm el-Sheikh, Egypt on Friday (November 11, 2022). (ANTARA/HO-PT Pertamina)
Senior vice president of strategy and investment at Pertamina Daniel S Purba conveyed this information during an ASEAN Panel Discussion on the sidelines of COP27 in Sharm el-Sheikh, Egypt on Friday (November 11, 2022).
At the discussion, Purba delivered a presentation on “Decarbonizing the ASEAN Way – Harnessing the Collective Actions of ASEAN Private Sectors Driving Net-Zero: Pertamina’s Overarching Plan in Decarbonization”.
He explained that Pertamina as a state-owned energy company has the responsibility to provide energy needs in Indonesia – a country with a population of nearly 300 million people with high energy demand.
“At the same time, Indonesia has a strong commitment to achieve net zero emissions by 2060, and Pertamina as a state-owned company fully supports this commitment,” Purba said.
“Pertamina has now developed a clear program for efforts to achieve the target of net zero emissions by 2060, even more … if possible, we want to reach the target faster by 2050,” he added.
He further added that Pertamina views the energy transition effort as a good opportunity to build a green business.
Such a view, according to him, is part of the main mission to ensure the company remains sustainable and grows in line with efforts to fulfill the commitment to achieving net zero emissions through a detailed decarbonization program in accordance with the company’s well-prepared NZE roadmap.
“Pertamina has prepared a decarbonization plan especially for its existing businesses, for instance by reducing gas flaring, using renewable energy in all of our activities both upstream, production sites, shipping transportation and even batteries,” Purba pointed out.
In addition, regarding the implementation of Environmental Social and Governance (ESG) aspects, Pertamina is currently at the medium risk level and at the second place for the category of the best ESG score in the oil and gas industry, based on Sustainalytics – an ESG rating agency that has conducted assessment towards the company.
Meanwhile, stakeholders, investors, rating agencies and insurance companies are also interested in finding out and learning about how Pertamina – as an oil and gas company – manages ESG aspects in its efforts to produce sustainable energy.
At the ASEAN Panel Discussion of the COP 27, Purba said that a number of ASEAN countries actually have considerable energy resource potential, such as to produce LNG and gas.
He mentioned ASEAN countries that have such a potential including Indonesia, Malaysia, Thailand and Brunei Darussalam.
He also revealed that the low carbon energy transition is a very good practice to be implemented by ASEAN countries in order to reduce the carbon footprint in the region.
Furthermore, still on the effort of reducing carbon footprint, Purba highlighted that Indonesia owns many forests that have the potential to be utilized in the aspect of nature based solutions.
“Therefore, collaboration (among ASEAN countries) can be a brilliant idea because each country has a different position and potential so we hope that the collaboration can establish a carbon market in the ASEAN region,” he stated.
“However, this certainly requires concrete steps from all parties so that we can really collaborate together to achieve the net zero emission target,” he concluded.
Gradiant, a global solutions provider for advanced water and wastewater treatment, is pleased to announce awards of $20 million in new contracts in September and October 2022. The awards are for clients in the manufacturing of photovoltaic cells (or solar cells) renewable energy and industrial protective equipment. All three projects will be delivered as design-build contracts.
One of the largest solar companies in India has partnered with Gradiant at a manufacturing site in the Western Region for ammonia and fluoride removal and wastewater treatment. The new facility will recover, neutralize, and treat complex wastewater rinse streams from photovoltaic cell production to levels that meet the client’s sustainability goals and local discharge limits.
Gradiant has also partnered with a leader in the renewable energy business for the design-build of two facilities for ultrapure water and wastewater treatment to support a new photovoltaic cell manufacturing site also in Western Region. The project will include Gradiant’s patented RO InfinityTM membrane technology to treat industrial wastewater streams. The zero liquid discharge (ZLD) facility will reduce wastewater to only salt and solid wastes.
“We are experiencing strong growth in the India market across multiple strategic verticals,” said Prakash Govindan, COO of Gradiant. “India was already one of the fastest growing economies in the world and is well positioned to gain as global companies review their sourcing and manufacturing footprints to de-risk and diversify their supply chains. We are also witnessing a clean energy transition in India, as the country builds out renewable energy infrastructure and its supply to the world. This local market has always been important to India, and Gradiant is ready to support our clients with advanced water solutions as they shift or double-down their local manufacturing operations.”
In addition to these renewable energy projects, Gradiant is working with a leading manufacturer of industrial protective equipment for their new facility in Southern India. Gradiant will deliver an effluent treatment and ZLD waste minimization system. The plant will feature Gradiant’s Carrier Gas ExtractionTM (CGE) for ZLD and SmartOpsTM for AI-powered asset performance optimization, and a membrane biological reactor (MBR) for advanced wastewater treatment.
Gradiant entered the India market in 2018 to engage with major international and domestic companies to solve their advanced water and wastewater challenges in water recycling, minimum and zero liquid discharge, and ultrapure water. Clients are served by in-country expertise from Gradiant’s main office in Chennai while collaborating and leveraging global process and engineering resources. The India team is comprised of 80 expert engineers and staff today, with plans to increase headcounts across the country.
About Gradiant
Gradiant is a global solutions provider for advanced water and wastewater treatment. With a full suite of differentiated and proprietary end-to-end solutions, powered by the top minds in water, Gradiant serves its clients’ mission-critical operations in the world’s essential industries. Gradiant was founded at the Massachusetts Institute of Technology (MIT) and is uniquely positioned to address the world’s increasing challenges created by industrialization, population growth, and water stress. Today, with over 450 employees, Gradiant operates from its global headquarters in Boston, regional headquarters and global technology labs in Singapore, and offices across twelve countries. For more information, please visit www.gradiant.com.
Corporate Contact: Felix Wang Gradiant, VP of Marketing fwang@gradiant.com
Pertamina and ExxonMobil have signed a cooperation agreement for developing carbon capture and storage (CCS) for cutting carbon emissions while supporting economic growth.
Pertamina and ExxonMobil have signed a cooperation agreement for developing carbon capture and storage (CCS) as part of efforts to reduce carbon emissions while supporting economic growth. (ANTARA/Pertamina)
“This collective agreement is a solid foundation for Indonesia to achieve Indonesia’s net-zero target by 2060 or sooner,” Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan said on Monday.
The Indonesian government is working on developing regulations that support carbon capture and storage (CCS) and starting discussions with governments in other regions, he added.
Meanwhile, Pertamina’s CEO and president director, Nicke Widyawati, said that the CCS development and decarbonization cooperation is in line with Pertamina’s efforts to support the government’s program to accelerate the energy transition and achieve the target of reducing emissions by 29 percent by 2030.
“The development of CCS technology is in line with Pertamina’s commitment to implementing Environmental, Social, and Governance (ESG) in all lines of the company’s business to encourage business sustainability in the future,” she added.
The fastest way to ensure the transition to new renewable energy and decarbonization in Indonesia is through partnerships, she emphasized. This is to answer the three global challenges, namely technology, finance, and human capital, at once.
According to Widyawati, the application of CCS technology is expected to play an important role in reducing greenhouse gases in the atmosphere, which contribute to global warming, climate change, ocean acidification, and loss of biodiversity.
“The development of CCS technology has a double impact, in addition to reducing emissions while increasing national oil and gas production,” she said.
A joint study conducted by Pertamina and ExxonMobil has succeeded in finding the potential for carbon dioxide (CO2) storage of up to 1 billion tons in Pertamina’s oil and gas fields.
This large CO2 capacity can permanently store CO2 emissions across Indonesia at the current average for the next 16 years.
In total, Pertamina is working on six CCS/CCUS projects by selecting fields that can be used as CO2 injection sites.
The six potential sites are located in several offshore areas in Sumatra, Java, Kalimantan, and Sulawesi.
The discovery of the great potential of CO2 has become an opportunity for the development of the CCS business and decarbonization efforts in Indonesia.
Contact: Heppy Wulansari, Pjs. Vice President Corporate Communication, PT Pertamina (Persero) Mobile: +62 811-296-949, Email: heppy@pertamina.com, URL: https://www.pertamina.com Written by: Katriana, Editor: Fardah Assegaf (c) ANTARA 2022
The UN Climate Change Conference (COP27) 2022 can inspire the global community and all parties to increase contribution to tackling climate change, according to Senior Vice President of Strategy and Investment of Pertamina Daniel Purba.
Senior Vice President of Strategy and Investment of Pertamina Daniel Purba speaks at a discussion organized on the sidelines of COP27, at the Indonesian Pavilion in Sharm el-Sheikh, Egypt on Friday (November 11, 2022). (ANTARA/HO-PT Pertamina)
“Sometimes when we work only focusing on our own sector, we never think about a global point of view. So I’m sure this COP27 will inspire and encourage everyone to think globally in order to accelerate contributions in dealing with climate change through industries that we each work on,” Purba said during a discussion organized on the sidelines of COP27, at the Indonesian Pavilion in Sharm el-Sheikh, Egypt on Friday (November 11) .
Reducing carbon emissions is one of the ways to tackle climate change, Purba added.
Through the COP27 event, he continued, all nations around the world are reminded that there is still a lot of work to do to save planet Earth from the impacts of climate change, and it is not only for the benefit of future generations, but also for the sustainability of the business environment.
“I hope that after the implementation of COP27, everyone will realize that they have to play a role in saving the Earth. And that effort is not just a jargon, but must become a reality, our mindset and lifestyle that encourage us to save our planet,” Purba said.
As a concrete step to tackle climate change, Indonesia is committed to achieving net zero emissions (NZE) by 2060, and Pertamina is supporting the realization of that commitment by decarbonizing its existing businesses and developing green businesses.
“Currently Indonesia has committed to achieving net zero emissions by 2060 so that Pertamina, as a state-owned company, supports this commitment and we have also prepared various work programs to achieve this national (NZE) target,” he pointed out.
The decarbonization measures taken by the company include encouraging energy efficiency, zero-flare oil and gas activities, as well as carbon capture and utilization.
Apart from that, Pertamina has also developed a number of green business initiatives, including those related to biofuels, renewable energy, batteries and electric vehicles, hydrogen as well as carbon businesses.
“Of course, we also view the energy transition period as a very good opportunity for us to build some green businesses,” Purba said.
In addition, Pertamina is also committed to allocating 14 percent of the projected capital expenditure for the 2022-2060 period, which is worth US$70-80 billion, for the development of clean, new and renewable energy.
The Energy, Sustainability, and Climate Business 20 Task Force (TF ESC-B20) has successfully created the First Green Industrial Area in Southeast Asia.
Pertamina Headquarters (ANTARA/HO)
In a statement released on Saturday, the green industry area acts as an industrial decarbonization effort, which has become an important step not only for the industry but also the cluster.
Chair of the TF ESC-B20 Nicke Widyawati said that supporting decarbonization will accelerate the achievement of net zero emission that is targeted by Indonesia in 2060.
Supporting the development of green industry clusters will also attract more foreign investment in the future, encouraging national economic growth and create jobs.
“Decarbonization of the Industrial Cluster allows us to apply an integrated approach to the transition to net zero,” said Nicke Widyawati, Chair of TF ESC-B20 who is also CEO and President Director of Pertamina, in Bali, Friday (11/11).
She continued that one of the important pillars of decarbonization is energy efficiency and circularity, using emerging technologies such as modernization of energy-efficient equipment and components, as well as the adoption of a flaring recovery system.
Other industrial decarbonization initiatives include the application of Carbon Capture, Utilization and Storage (CCUS) technology and the implementation of Nature Based Solutions (NBS).
“Indonesia has 400 billion tonnes of CO2 storage potential in our reservoirs for CCUS. We also have the second largest global NBS potential in the world,” she added.
She further said that energy use in industry is the highest compared to energy use in buildings and the transportation sectors. Therefore, one of the recommendations of TF ESC-B20 is to increase global cooperation in accelerating the transition to sustainable energy use by reducing carbon intensity in various fields as well as industrial decarbonization.
For that reason, energy efficiency is one of the important pillars of decarbonization that will contribute to the Net Zero Emission target.
Globally, energy efficiency has increased by around 13 percent (2000-2017) and can be 12 percent higher if it is not stopped.
“Over the past 10 years, energy consumption has grown rapidly by 47 percent. According to the latest estimates, the annual average CO2 reduction would need to increase fivefold to reach the Paris Agreement targets. The pace of transition needs to be accelerated,” she continued.
New technologies that accelerate industrial and consumer energy consumption are critical to driving efficiency, she reiterated.
Additionally, one of the policy recommendations from TF ESC-B20 is to increase global cooperation in accelerating the transition to sustainable energy use.
“We must further encourage global cooperation that will allow us to accelerate the NZE in line with the G20 theme, Recover Together, Recover Stronger,” she concluded.
Contact: Heppy Wulansari, Pjs. Vice President Corporate Communication, PT Pertamina (Persero) Mobile: +62 811-296-949, Email: heppy@pertamina.com, URL: https://www.pertamina.com Written by: Yuni Arisandy Sinaga, Editor: Rahmad Nasution (c) ANTARA 2022
Pertamina is making efforts to decarbonize its business and develop green businesses to support global climate change mitigation and the achievement of Indonesia’s 2060 net-zero emissions target.
(ANTARA News Sumsel/Nova Wahyudi/dol)
“We have two main ways for dealing with climate change; first, we have to decarbonize our carbon assets and business,” Senior Vice President of Strategy and Investment at Pertamina Daniel S. Purba said.
He made the statement during a discussion at the Indonesian Pavilion on the sidelines of COP27 in Sharm el-Sheikh, Egypt, on Friday (November 11, 2022).
To decarbonize its business, Pertamina has started to change its business portfolio by promoting low-carbon energy as well as new and renewable energy at its existing businesses and operations, Purba informed.
“Since it is still economically expensive to introduce the use of renewable energy, the market is not really ready for it. However, for Pertamina, we have started with our own businesses. We can’t wait for the market to be ready immediately, but we have started with our own operations,” he said.
The company’s second climate change mitigation effort involves developing new businesses related to green energy with a number of targets set for biofuels; hydrogen; carbon capture, utilization, and storage; renewable energy; batteries and electric vehicles; and also the carbon business.
Thus, the company’s revenue will continue to flow even though the carbon business will be reduced and the company has started to decarbonize its business, Daniel explained.
To fulfill its commitment to achieving net zero emissions by 2060, Pertamina will slash its carbon emissions by almost 30 million tons by 2030 and reduce around 30-40 million tons of carbon per year by 2060. For that, the company needs to start taking carbon reduction measures from now onward.
In fact, in the period from 2010 to 2021, Pertamina has succeeded in reducing greenhouse gas emissions by 29.09 percent.
“Those two main ways that we have in our road map for climate change mitigation for years to come are by implementing some well-prepared, detailed, and clear programs and strong initiatives in our business groups. So, we are not only dealing with our current carbon business, but also starting to deal with new and renewable energy businesses,” Purba said.
He further said that the asset decarbonization road map is being implemented by Pertamina in each of its business lines, starting from upstream, refineries and petrochemicals, oil, commercial and trade, gas production, integrated marine logistics, and new renewable energy-based power plants.
“There are hundreds of programs behind this road map scheme, and each of our business group entities has committed to applying it,” he added.
To ensure that the decarbonization commitment runs in every line of its business, Pertamina has included the commitment target in the key performance indicators of each business entity.
“So, if you don’t reach the target, it will have an impact on your income. This is to ensure that all parties work very hard and are committed to achieving the target,” Purba said.
Apart from the oil and gas business, Pertamina is also developing the electric vehicle ecosystem in Indonesia by not only producing batteries, but also dealing with all supply chain businesses in the electric vehicle ecosystem.
Pertamina NRE, Keppel Infrastructure, and Chevron have signed an agreement to explore green hydrogen and green ammonia development projects in Indonesia, primarily in Sumatra.
Pertamina NRE, Keppel Infrastructure, and Chevron have signed an agreement to explore green hydrogen and green ammonia development projects in Indonesia, specifically Sumatra. (ANTARA/Pertamina)
“The development of green hydrogen and green ammonia has an important role in Indonesia’s Net Zero Emissions road map,” Pertamina NRE CEO Dannif Danusaputro said on Saturday.
Given the existing potential, Indonesia is expected to play a key role in green hydrogen production in Asia, he added.
We are excited about this strategic collaboration because we believe Keppel and Chevron are leading companies that share the same vision of energy transition as we do,” he added.
The collaboration was also welcomed by Keppel Infrastructure CEO Cindy Lim, who expressed her satisfaction over the agreement.
Indonesia is a country with large resources of high renewable and low carbon energy potential, she noted.
Therefore, she said she is pleased to be working with industry leaders, Pertamina and Chevron, to explore the prime use of geothermal energy and other new renewable energy for developing green hydrogen and green ammonia projects.
The cooperation is also meant to support Indonesia’s energy transition efforts as well as investment in new renewable energy supply chains in exploration areas, she added.
“This partnership will expand Keppel Infrastructure’s geographic footprint of creating and capturing added value from its global commitment to net zero and its energy transition,” she said.
Meanwhile, vice president of hydrogen at Chevron New Energies, Austin Knight, expressed his hope to use the shared expertise to study and evaluate low-carbon business opportunities in the region.
“Then, we must work together to find new and innovative ways to continue to produce and deliver cleaner energy for a growing world,” he said.
Pertamina, Keppel Infrastructure, and Chevron signed the Joint Study Agreement (JSA) at the Business 20 (B20) Investment Forum, which was held ahead of the B20 Summit in Bali.
B20 is the official dialogue forum of the G20 that represents the global business community.
The JSA has been prepared to explore the feasibility of developing a green hydrogen facility, with a minimum production capacity of 40 thousand tons per year, supported by at least 250-400 MW of geothermal energy in the initial stage.
The hydrogen production facility will have the potential to be scaled up to 80 thousand to 160 thousand tons per year, depending on the availability of geothermal energy and market demand.
Hydrogen and ammonia have been identified as low-carbon fuels that are an important part of the energy transition plan.
Ammonia can also be used to transport hydrogen and has the potential to replace bunker fuel as a low-carbon solution in the global maritime industry.
With the agreement, Indonesia, which has around 40 percent of the world’s potential geothermal resources, has the opportunity to utilize geothermal energy as a reliable and stable source of energy to produce green ammonia or green hydrogen.
