Jakarta, CNBC Indonesia – The government, in this case the Coordinating Minister for Maritime Affairs and Investment (Menko Marves), Luhut Binsar Pandjaitan, revealed that the contribution of Asian investment in the ‘new’ oil and gas (oil and gas) business reached US$ 1.2 billion or Rp. 18.4 trillion (assuming exchange rate IDR 15,352 per US$).
The new oil and gas business in question is technology Carbon Capture Storage (CCS) and Carbon Capture Utilization and Storage (CCUS) to reduce carbon emissions in various industrial sectors, including the oil and gas sector.
“Recent global investment in CCS has reached around US$ 6.4 billion, with Asia contributing US$ 1.2 billion,” explained Luhut at the International and Indonesia CCS (IICCS) Forum, at the Mulia Hotel, Jakarta , Monday (11/9/2023).
With this investment, Luhut said that Indonesia would later have a major role in investing in CCS/CCUS technology in Asia. “Indonesia should be the main part of technology investment,” he added.
In addition, government support in developing CCS is demonstrated by the preparation of a draft Presidential Regulation on CCS to expand the implementation of CCS including CCS Hub, cross-border CCS, CO2 from industry, and its use in non-oil and gas working areas.
On the other hand, Deputy for Coordination of Maritime Sovereignty and Energy of the Republic of Indonesia at the Coordinating Ministry for Maritime Affairs and Fisheries, Jodi Mahardi, said that the government provides support for the development of CCS in achieving a cleaner future and supporting sustainable economic growth.
He said that the Coordinating Ministry for Maritime Affairs and Fisheries continues to communicate with stakeholders, relevant ministries, institutions and regional governments to develop CCS in Indonesia.
“And we invite stakeholders to join us on this journey and together realize our vision for a better world,” he explained in a written statement.
Faisal Basri is outspoken! Go to Luhut’s house & convey this