Dendy Apriandi, the ministry's Director for Investment Deregulation, said on Thursday that one of the companies that have invested in the development of green hydrogen is Pertamina.
The state-run oil and gas company has invested US$11 billion as part of efforts to achieve the green energy advancement target.
Furthermore, intergovernmental organization Global Green Growth Institute (GGGI) is also cooperating with Samsung and Hyundai in a US$1.2 billion project in Sarulla Block, North Sumatra, to produce green hydrogen.
Apriandi said that the business potential of green hydrogen development is greater than conventional hydrogen derived from gray hydrogen or natural gas. However, the production cost of green hydrogen is still quite high.
Earlier, the Ministry of Industry highlighted that the development of hydrogen can be an effort to prevent energy crises in the industry sector as well as support the realization of carbon dioxide reduction.
Indonesia targets to reduce 912 million tons of CO2 by 2030.
Meanwhile, the ministry's acting Director General of Chemical, Pharmaceutical, and Textile Industries, Reni Yanita, said that hydrogen is an alternative fuel that is sustainable and an ideal energy storage medium.
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Translator: Ahmad Muzdaffar, Raka Adji
Editor: Anton Santoso
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