A Joint Study Agreement was signed by Pertamina Power Indonesia, Keppel, and Chevron to investigate the construction of specific green hydrogen and green ammonia projects utilizing renewable energy, especially in Sumatera, Indonesia.
The Business 20 (B20) Investment Forum, which was held in connection with the B20 Summit in Bali, is where the JSA was signed. The B20 is a recognized G20 participation organization that speaks for the corporate world. The JSA was signed by Andrew S. Mingst, director of Chevron New Energies International, Pte. Ltd., director of Keppel New Energy Pte., Ltd., and CEO of Pertamina NRE, Dannif Danusaputro. Luhut Pandjaitan, the Coordinating Minister for Maritime Affairs and Investment, Bahlil Lahadalia, the Head of BKPM, Nicke Widyawati, the President Director and CEO of PT Pertamina (Persero), and Cindy Lim, the CEO of Keppel Infrastructure, all observed the signing.
In the initial phase, the JSA plans to investigate the viability of creating a green hydrogen facility with a production capacity of at least 40,000 tonnes annually and powered by 250–400 megawatts of geothermal energy. Depending on the availability of geothermal energy and market demands, the hydrogen manufacturing facility could expand up to 80,000–160,000 tonnes annually.
The Joint Strategic Alliance (JSA) aims to capitalize on the complementary strengths of Pertamina, the largest energy company in Indonesia, Keppel Infrastructure, a premier Singapore-based energy infrastructure solutions provider with a proven track record of developing and operating large-scale energy and environmental infrastructure projects, and Chevron, a global energy company dedicated to supplying affordable, dependable, ever-cleaner energy.
Around 40% of the world’s geothermal resources are found in Indonesia, opening up the possibility to use geothermal energy as a dependable and steady energy source to create green ammonia or hydrogen.
The fourth most populous nation in the world, Indonesia, has a realistic chance of achieving its goal of net zero emissions by 2060, according to a report from the International Energy Agency.