Jakarta (ANTARA) - State-owned energy company PT Pertamina (Persero) has said it has been stepping up efforts to contribute to the energy mix by driving new and renewable energy (NRE) growth in Indonesia.
This commitment can be seen from the company’s total capex (capital expenditure) of US$92 billion for the 2020-2024 period, of which 9 percent will be allocated for NRE, it said.
“In terms of the energy mix, our NRE from 2019 that consisted of 13 percent will increase to 17 percent in 2030,” director of strategy, portfolio, and new ventures for PT Pertamina, Iman Rachman, said during a talk show at the Indonesia Pavilion on the sidelines of the 26th UN Climate Change Conference (COP26) in Glasgow, Scotland, on Wednesday.
To expand its NRE portfolio, Pertamina has been developing eight strategies that include optimizing the potential and increasing the capacity of geothermal energy, 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, he added.
Pertamina is also participating in Indonesia’s battery company joint venture by collaborating with three other state-owned enterprises (SOEs), as well as developing the EV battery ecosystem, including swapping and charging businesses, he said.
The state-owned energy company is also in the process of constructing a green refinery and developing bioenergy consisting of biomass/biogas, bio blending gasoil and gasoline, and producing bio-crude oil from algae and ethanol, he informed.
All of these constructions would be ready for operation starting from 2025 or 2026, Rachman said.
“As an oil and gas company, we are trying to reduce our existing carbon footprint by implementing carbon capture, carbon utilization, and storage in enhancing production in several existing oil and gas fields,” he remarked.
Pertamina is also running other NRE initiatives such as enhancing its generator capacity for solar PV, wind power, and hydropower, he said.
After explaining the efforts the company has made to improve its role in NRE growth, Rachman underlined that the most effective way to implement the energy mix is by “having a global collaboration with binding target and firm transition planning”.
“We do hope the COP26 will strengthen the commitment to increase joint collaboration and also give a clearer view on the energy transition plan,” he remarked.
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