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15-11-22
Saudi Aramco signs hydrogen deal with Indonesia’s energy company Pertamina
(MENAFN) Oil giant Saudi Aramco benefited from the meeting of business tops in advance of the Group of Twenty conference of world leaders to ink a deal with Indonesia’s energy company Pertamina to grow cooperation through the hydrogen and ammonia value chain.
The memorandum of understanding was signed on the offshoots of the so-called B20 conference in Bali, Indonesia, as the two Saudi Arabia as well as the host country seek reaching the net-zero aim by 2060.
The MoU includes a pre-feasibility training that targets to assess the chance of partnership associated to the improvement of a clean ammonia as well as hydrogen value chain.
The understanding also contains potential carbon capture, utilization as well as storage at Pertamina Group’s existing facilities as well as additional approved on potential locations.
The pre-feasibility study, which is going to be showed throughout the upcoming two years, is going to also explore the investment viability of improving commercial structures for clean ammonia as well as hydrogen in Indonesia.
“As a company, our ambition is to achieve net-zero scope 1 and 2 greenhouse gas emissions across our wholly-owned operating assets by 2050,” according to Aramco's senior vice leader of Downstream Mohammed Al-Qahtani.
MENAFN15112022000045014228ID1105183705
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