Indonesia's Ambitious $25.2bn Investment in Green Hydrogen by 2060
Key Ideas
- The Indonesian Government plans to invest up to $25.2bn in the green hydrogen sector by 2060 to reduce CO2 emissions by 912 million tonnes by 2030.
- State-owned PT Pertamina is leading the green hydrogen investment, allocating $11bn towards green energy targets.
- PT Pupuk Indonesia aims to become a global hub for ammonia, with plans for an integrated green hydrogen and ammonia project in partnership with Perusahaan Listrik Negara (PLN) and ACWA Power.
- Black & Veatch study supports the feasibility of a $500m 300MW green hydrogen production project in Indonesia, expected to significantly contribute to the country's energy transition.
Indonesia is setting ambitious goals in the green hydrogen sector with plans to invest $25.2bn by 2060 to reduce CO2 emissions significantly. The Ministry of Energy and Mineral Resources aims to produce 9.9 million tonnes of hydrogen by 2060 for various sectors. PT Pertamina and PT Pupuk Indonesia are key players in these initiatives, with Pertamina already committing $11bn towards green energy targets. Additionally, PT Pupuk Indonesia plans to establish itself as a global ammonia hub, with an integrated green hydrogen and ammonia project in the pipeline. The collaboration with PLN and ACWA Power is set to kickstart in 2025-2026, targeting full operations by 2027. Moreover, a Black & Veatch study supports the viability of a $500m 300MW green hydrogen production project in Indonesia, projecting a substantial contribution to Indonesia's energy transition. These initiatives highlight Indonesia's dedication to renewable energy, economic development, and environmental sustainability.
Topics
Middle East
Renewable Energy
Investment
Energy Transition
Economic Development
Ammonia Production
Environmental Goals
State-owned Enterprises
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