Marubeni Corporation (Marubeni) has signed a Memorandum of Understanding (MoU) with PT Pertamina (Persero) , an Indonesian state-owned enterprise engaged in integrated energy in Indonesia, on comprehensive collaboration to develop decarbonization projects in Indonesia.
As measures to counter global climate change become increasingly important, reducing greenhouse gas (GHG) emissions has become an urgent issue. Under these circumstances, PT Pertamina and Marubeni are promoting Carbon dioxide Capture, Utilization & Storage (CCUS) as an effective measure to mitigate global climate change.
Through this MOU, PT Pertamina and Marubeni will work on joint development of a wide range of decarbonization projects, including a Bioenergy with Carbon Capture and Storage (BECCS) project at Marubeni’s pulp mill in Indonesia, producing biomass fuel, and creating carbon credit from such projects.
PT Pertamina has committed to contributing to the Indonesian government’s 2060 carbon neutrality target by reducing GHG emissions by 30% compared to 2010 and developing 10.2-gigawatt renewable energy facilities by 2026.
Marubeni is enhancing its climate change strategy through the development of CCUS projects to achieve the Marubeni Long-Term Vision on Climate Change announced in March 2021 and is committed to contributing to the sustainable and economic development of Indonesia through these joint development activities with PT Pertamina.