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Friday, 18 October 2024 00:00
Pertamina Presents Biofuels and Decarbonization Strategy at Southeast Asia-Latin America Dialogues
Written by Daniel
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VOInews, Singapore: PT Pertamina (Persero) introduced its business roadmap in the biofuels and decarbonization sector to business practitioners in Singapore. This presentation was delivered by Pertamina's President Director, Nicke Widyawati, at the Southeast Asia-Latin American Dialogues (SALA Dialogues) held on Wednesday, October 16, at the INSEAD Hoffmann Institute in Singapore.
In the session titled "Fuelling the Future: Biofuels and the Decarbonization Journey," Nicke outlined that Indonesia is facing four main challenges ahead. "Firstly, Indonesia is now a net importer of oil. Secondly, we must achieve our net zero emission target by 2060. Thirdly, we aim for high-income country status, and fourthly, we need to create job opportunities," Nicke explained. She emphasized that biofuels and decarbonization programs could provide solutions to these challenges.
Nicke added, "Indonesia, through Pertamina, has been implementing biodiesel initiatives since 2010 and has successfully produced and utilized B35 biodiesel, which has proven capable of substituting diesel imports." She also noted that since April 2019, Pertamina has stopped importing diesel and jet fuel, with B35 capable of reducing CO2 emissions by up to 32.7 million tons in 2023.
One of the advantages of biodiesel, according to Nicke, is the ease of the blending process. "The beauty of biodiesel lies in the simple blending process that can be conducted at fuel terminals. Pertamina has over 1,000 fuel terminals in Indonesia, which will promote the development of bioethanol plants, boost the local economy, and create job opportunities," she stated.
Furthermore, Nicke explained that the successful implementation of biodiesel will be replicated for gasoline products. Currently, Pertamina has begun using biofuel E5 in several regions of Java, particularly in East Java, with plans to gradually increase its application. "We have started with biofuel E5 in several areas of Java," she explained.
Nicke also revealed that Pertamina cannot transition to energy and innovate green energy products alone. "Collaboration and knowledge transfer with strategic business partners and other countries are essential," she said. During this dialogue, Nicke opened opportunities for cooperation with Latin American countries to jointly develop biodiesel and biofuels.
She added, "For the bioethanol program, we see potential collaboration between Indonesia and Brazil. We want to learn holistically how Brazil successfully implemented bioethanol, from the plantation process to regulations."
The SALA Dialogues were attended by around 150 business players and practitioners from various sectors in Southeast Asia and Latin America. This event aims to foster global collaboration to find solutions to net zero carbon issues and food security, which are expected to open new business opportunities and investments between countries.
As a leading company in energy transition, Pertamina is committed to supporting the Net Zero Emission 2060 target by continuously promoting programs that have a direct impact on achieving Sustainable Development Goals (SDGs). All these efforts align with the implementation of Environmental, Social & Governance (ESG) across Pertamina's business lines and operations.
Source: pertamina.com.
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Indonesia Today
