Aramco and Pertamina Explore Hydrogen and Ammonia Value Chain at B20

Published on:
by KnowESG
tinywow unnamed-10-6 8193023

Aramco, one of the world’s leading integrated energy and chemicals companies, and Indonesia’s PT Pertamina (Persero) are exploring collaboration across the hydrogen and ammonia value chain.

The companies signed a Memorandum of Understanding outlining future cooperation across this key pathway of the energy transition in a ceremony that took place alongside the B20 Summit in Bali, the official G20 dialogue forum with the global business community.

G20 members and global energy companies have jointly committed to being part of the solution to the global energy crisis, which is affecting millions of people worldwide – and which forms the backdrop to the G20 Summit in Bali.

The MoU was signed by the President Director of PT Pertamina (Persero), Nicke Widyawati, and Mohammed Y. Al Qahtani, Aramco Senior Vice President Downstream. Clean ammonia and hydrogen development have significant roles in Indonesia's 2060 net zero emissions roadmap, and the country is expected to be a key player in green hydrogen production in Asia.

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 jeopardise energy security and affordability, especially for countries that are still dependent on fossil fuels. That's why Pertamina has developed a decarbonisation programme 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.”

A pre-feasibility study is part of the MOU. Its goal is to find out if the two countries can work together to create a clean ammonia and hydrogen value chain.

It includes potential carbon capture, utilisation, and storage (CCUS) at Pertamina Group's existing facilities and other agreed potential locations.

The study will look into the viability of investments and help come up with ways to sell clean ammonia and hydrogen in Indonesia, including but not limited to business organisations and commercial structures. The study is expected to be conducted over the next two years, and depending on the outcomes may be developed further.

Source: Pertamina

For more company-related news


Companies Headlines

Bain & Company and Green Story Help Tod's Cut Carbon

Bain & Company and Green Story Help Tod's Cut Carbon

EA, BAFS Team Up for Sustainable Skies

EA, BAFS Team Up for Sustainable Skies

Fortescue Leads Industry in Green Iron & Energy

Ayvens Leads in Sustainable Business

Simplify ESG with Persefoni & AuditBoard

Dr. Martens Launches Boots Made from Waste

Teleflex's Green Goals Get Science Backing

Walmart Goes Big on Renewables

Confluence Merges MSCI ESG Data with Style Analytics

Simon-Kucher Leads in Sustainable Business Travel