Aramco, one of the top global integrated energy and chemicals businesses, and PT Pertamina (Persero) in Indonesia are investigating opportunities for cooperation throughout the hydrogen and ammonia value chain.
In a ceremony held in conjunction with the B20 Summit in Bali, the official G20 dialogue forum with the global business community, the firms signed a Memorandum of Understanding (MoU) defining future cooperation throughout this important corridor of the energy transition.
The G20 Summit in Bali is taking place against the backdrop of a global energy crisis that is affecting millions of people worldwide. G20 members and international energy businesses have unanimously pledged to become a part of the solution.
The MoU was signed by Mohammed Y. Al Qahtani, Senior Vice President of Downstream at Aramco, and Nicke Widyawati, President Director of PT Pertamina (Persero).
Aramco Senior Vice President of Downstream, Mohammed Y. Al Qahtani, said: “As a company, our ambition is to achieve net-zero scope 1 and 2 greenhouse gas emissions across our wholly owned operated assets by 2050. Our work in developing new ammonia and hydrogen energy pathways will be pivotal in achieving that goal while helping to advance an affordable, equitable and more sustainable transition for all.”
President Director of Pertamina, Nicke Widyawati, said: “The energy transition should not jeopardize energy security and affordability, especially for countries that are still dependent on fossil fuels. That’s why Pertamina has developed a decarbonization program through CCUS. Hydrogen and Ammonia are expected to play a key role in a future climate-neutral economy, enabling emission-free power generation, heavy transport, heating and industrial processes.”
The Memorandum of Understanding includes a pre-feasibility study to evaluate the likelihood of collaboration in relation to the creation of a clean ammonia and hydrogen value chain. It may involve carbon capture, utilisation, and storage (CCUS) at current Pertamina Group facilities and other mutually agreed-upon potential sites.
