GLASGOW – PT Pertamina (Persero) has prepared a total capital expenditure of US$ 92 billion for the 2020-2024 period, of which 9 percent or US$ 8.3 billion will be allocated for NRE.
“In terms of the energy mix, our NRE from 2019 which consists of 13% will increase to 17% in 2030,” said Iman Rachman, Pertamina’s Director of Strategy, Portfolio and Business Development during a talk show between the United Nations Climate Change Conference (COP26) in Glasgow, Scotland, Wednesday, local time (3/11).
Iman stated, to expand the NRE portfolio, Pertamina has developed eight strategic initiatives which include optimizing the potential and increasing geothermal energy capacity, utilizing green hydrogen, which will use electricity from the company’s geothermal field with a total potential of 8,600 kilograms of hydrogen per day.
Pertamina is also participating in a joint venture with Indonesia’s battery company with three other SOEs that will develop an EV battery ecosystem, including swapping and charging businesses.
In addition, he said, Pertamina is also in the process of building a Green Refinery and developing Bioenergy which consists of biomass/biogas, bio-blending gasoil and gasoline, as well as producing bio-crude oil from algae and ethanol. The entire project will be ready for operation from 2025/2026.
“As an oil and gas company, we are trying to reduce the existing carbon footprint by implementing carbon capture, carbon utilization, and storage in increasing production in several existing oil and gas fields,” he said.
Pertamina also carries out other NRE initiatives such as increasing generating capacity by utilizing solar, wind, and water PV power.
According to Iman, one of Pertamina’s most effective ways to increase its role in the growth of NRE in the energy mix is to build collaborations with various parties globally with binding targets and clear transition plans.
“Pertamina is strongly committed to implementing the agreement resulting from COP 26 in line with the Energy transition that is being carried out by the company,” said Iman. (RI)