VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

VOINews, Jakarta - Pertamina is committed to fully supporting the Indonesian and global governments in facing current energy challenges. The company is also ready to collaborate on energy transition, decarbonization and energy trilemma issues.

"Currently, Pertamina's roadmap uses a strategy to decarbonize carbon-positive businesses, develop carbon-neutral businesses, and compensate negative carbon businesses, which will result in Net Zero Emissions," explained Pertamina CEO Nicke Widyawati, while delivering a public lecture at the University of Naples "L'Orientale", Naples Italy, Wednesday, October 18, 2023.

Regarding energy security, Pertamina will continue to support the Indonesian government's target to increase oil and gas production. Where oil production is targeted to increase to 1 million barrels per day and gas to increase by 12 BSCFD.

Pertamina also ensures the availability, accessibility, affordability, acceptability, and sustainability of energy for the community. One of them is by rolling out programs that make it easier for people to access energy. Among others, the One Village One Outlet (OVOO) program, Pertashop, and the One Fuel Program in remote areas.

In line with that, Pertamina is also committed to decarbonization in its business activities and operations. One of them is by integrating chemical and biofuel plants. This is to ensure that the energy transition will not disrupt energy security.

Pertamina is committed to supporting the Indonesian government's commitment to achieve Net Zero by 2060. One of the efforts made is to change the way of operating and doing business to become a green operation.

As a form of commitment, Nicke continued, Pertamina has also allocated 15 percent of the total CapEx for the development of a low-carbon/green business portfolio. This figure is much higher than the average of other energy companies.

As one of the world's largest biofuel suppliers, Indonesia has developed a biofuel industry. Since 2008, biodiesel blended with palm oil fuel has been implemented, namely B5 until now B35.

"With this program we can reduce imports of fossil fuels, especially diesel, increase the use of renewable energy, and at the same time we reduce emissions, estimated to be equivalent to 28 million tons of CO2 in 2022 alone," Nikce added.

Nicke also added that Pertamina through its Power New Renewable Energy (PNRE) subholing also continues to build a broad Clean Energy business portfolio. This is the main focus to support Pertamina and Indonesia's decarbonization goals.

Pertamina, still according to Nicke, also began implementing Carbon Capture Storage (CCS)/Carbon Capture Utilization and Storage (CCUS) technology by conducting the first injection of C02 at Pertamina EP Jatibarang Field, West Java. "CCUS technology is a technology that can increase oil and gas production through CO2-EOR while significantly reducing GHG emissions," she explained.

Pertamina is also building strategic partnerships with Agroforestry SOEs to lead decarbonization efforts through the Nature Base Solutions (NBS) project. Where Pertamina has identified nine areas with GHG reduction potential of 11 million tons/year CO2e.

Until 2022, Pertamina has succeeded in reducing carbon emissions by 31 percent from all upstream to downstream operations. Pertamina believes that these strategic initiatives will be the driving force to achieve Pertamina's goal of becoming a global energy company that creates value and is committed to long-term sustainability.

"Our commitment to Sustainability is in line with the global movement that emphasizes the integration of environmental, social and governance issues into business strategies and sustainable development goals," Nicke concluded. (Pertamina)