Indonesia Carbon Capture and Storage deal signed during COP 26
ExxonMobil and Pertamina, signed a Memorandum of Understanding (MoU) to evaluate the potential for large-scale deployment of low-carbon technologies in Indonesia. The MoU was signed near Glasgow, Scotland, where world leaders have gathered to discuss climate policies during COP 26.
The companies have agreed to assess the potential for technologies such as carbon capture, utilization and storage, and low-carbon hydrogen. By jointly examining subsurface data, the companies expect to identify geologic formations deep underground that could be suitable to safely store CO2, and the potential for safe, commercially viable utilization of CO2.
The MoU strengthens a decades-long strategic partnership between ExxonMobil and Pertamina, and has the objective of advancing Indonesia’s net-zero ambitions.
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