KONTAN.CO.ID - JAKARTA. Indonesia's state energy company Pertamina and U.S. oil majors Exxon Mobil and Chevron Corp are moving ahead with their discussions to invest in carbon capture facilities while Exxon eyes a petrochemical project in the country. Pertamina and Exxon agreed to carry out further evaluations for $2 billion in investments in carbon capture and storage (CCS) facilities using two underground basins in the Java Sea, Pertamina said in a statement on Tuesday. The CCS hub with Exxon has the potential to store at least 3 gigatonnes of carbon dioxide emitted by industries in Indonesia and the rest of the region, Pertamina Chief Executive Nicke Widyawati said.
Indonesia Moves Ahead with CCS Talks with US Oil Majors, Eyes Petrochemical Project
KONTAN.CO.ID - JAKARTA. Indonesia's state energy company Pertamina and U.S. oil majors Exxon Mobil and Chevron Corp are moving ahead with their discussions to invest in carbon capture facilities while Exxon eyes a petrochemical project in the country. Pertamina and Exxon agreed to carry out further evaluations for $2 billion in investments in carbon capture and storage (CCS) facilities using two underground basins in the Java Sea, Pertamina said in a statement on Tuesday. The CCS hub with Exxon has the potential to store at least 3 gigatonnes of carbon dioxide emitted by industries in Indonesia and the rest of the region, Pertamina Chief Executive Nicke Widyawati said.