This commitment is also in line with the implementation of Pertamina's Environment, Social and Governance (ESG) principles. It was reaffirmed by collaborating with the Japan Group, namely JANUS, JGC Corporation, J-Power, and Institut Teknologi Bandung (ITB) through a Joint Study Agreement (JSA) to review the implementation of Carbon Capture, Utilization and Storage and Enhanced Gas Recovery (CCUS/ EGR) on Gundih gas field project in Cepu, Central Java.
The signing of JSA was carried out virtually by Chief Executive Officer (CEO) Subholding Power and New & Renewable Energy of Pertamina Dannif Danusaputro together with Representative Director and President of JAPAN NUS Co., Ltd Kazuhiko Chikamoto, Representative Director, President of JGC Corporation Yutaka Yamazaki, Director & Executive Vice President of Electric Power Development Co., Ltd (J-POWER) Sugiyama Hiroyasu and Prof. Ir. I Gede Wenten, M.Sc., Ph.D. as Vice Chancellor for Research & Innovation of ITB.
This agreement of the the parties on JSA CCUS/EGR project in Gundih Field will become pillar, one of the Pertamina’s initiatives to reduce carbon emissions with potential reducing CO2 as much as 300,000 tons of CO2 per year from a total of 3 million tons of CO2 for 10 years, which at the same time has the potential to contribute to increased gas production.
This CO2 will be stored in the subsurface formation and will give the benefit of Enhance Gas Recovery. Then, it will be declared as carbon credit, that will be shared between the Government of Indonesia and Japan.
"We accept mandate to make a transition from Pertamina, as an oil and gas company to an energy company, where we will improve portfolio and energy mix from New and Renewable Energy (EBT) and reducing CO2 emissions for decarbonization," said Dannif.
Currently Pertamina is organizing a Decarbonization Roadmap to support global climate change control and CCUS and will be one of the initiatives that can have a significant impact on carbon reduction. The feasibility study collaboration will take place from June 2021 to February 2022. Further, FEED and EPC will be held in 2022-2024 and are expected to be operational in 2026.
“We take the initiative to participate in this Joint Study. Hopefully, we can go into the commercialization soon. I really appreciate all parties and hope to meet after this pandemic is over and make the breakthrough happen," he added.
Representative Kazuhiko Chikamoto said that decarbonization is a requirement for governments and private companies around the world. The Japanese government has set an ambitious target for CO2 emission reduction by 46% by 2030.
The CCUS Gundih Field is not only a decarbonization project, but also the best practice model for decarbonization projects in the Asian region. This is a very innovative model, that could be developed further in the near future.
"We greatly appreciate Pertamina for giving us a great opportunity in the new Gundih field. This cooperation is an unprecedented big step,” said Kazuhiko Chikamoto.
Reporter: PR Wire
Editor: PR Wire
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