ASIATODAY.ID, JAKARTA – The Indonesian government through the Ministry of Energy and Mineral Resources of the Republic of Indonesia is exploring collaboration with South Korea in the use of Carbon Capture and Storage/Carbon Capture, Utilization and Storage (CCS/CCUS) technology in the oil and natural gas (oil and gas) industry. .
CCS/CCUS technology means that carbon dioxide (CO2) from fossil fuels and waste from their combustion can be recaptured and then stored in the ground.
The opportunity for this collaboration was revealed at an event entitled ‘The 14th Indonesia-Korea Energy Forum (IKEF)’ which was held in Jakarta, Tuesday, November 28 2023.
Director General of Oil and Gas at the Ministry of Energy and Mineral Resources, Tutuka Ariadji, said that Indonesia has set a Net Zero Emission (NZE) target in 2060 or sooner, and has prepared an energy transition road map to achieve that target.
“We are targeting a reduction in emissions of 231.2 million tonnes of CO2e in 2025, 388 million tonnes of CO2e in 2035 and 1,043.8 million tonnes of CO2e in 2050,” explained Tutuka.
With an ambitious target to reduce emissions, one of the paths taken is CCS/CCUS.
Tutuka said that the implementation of CCS/CCUS technology in Indonesia has 15 projects currently being worked on.
“Our CCS/CCUS projects are spread across all regions in Indonesia, from west to east, from Sumatra to Papua. “Most of these projects are targeted to be onstream in 2030,” he added.
Total CCS/CCUS investment in Indonesia, he continued, is predicted to reach US$7.97 billion. Therefore, he is ready to open discussions with the South Korean delegation to explore potential cooperation related to CCS/CCUS and opportunities for transboundary carbon cooperation.
The Indonesian government, said Tutuka, has also issued regulations in the form of Minister of Energy and Mineral Resources Regulation Number 2 of 2023 concerning the Implementation of Carbon Capture and Storage, as well as Carbon Capture, Utilization and Storage in Upstream Oil and Gas Business Activities. This regulation covers activities including: capture, transport, injection, storage and use.
“Currently the Ministerial Regulation focuses only on activities in oil and gas work areas,” he explained.
Then other regulations are also being prepared, namely the Draft Presidential Regulation on CCS outside oil and gas activities. The draft presidential regulation will regulate Business Licensing for Exploration Permits & Carbon Storage Operation Permits.
“Meanwhile, the requirements for transporting CO2 Cross Border will be covered by government cooperation between countries (G2G) as outlined in international agreements before being carried out by corporations between countries (B2B),” he stressed. (AT Network)
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