Indonesia launches first carbon storage project

Indonesian President Joko Widodo has freshly launched the construction of the country’s first carbon capture, utilisation and storage (CCUS) project in West Papua province, operated by the British multinational oil and gas company BP Plc.

Monday, November 27, 2023 11:27

Jakarta (VNA) – Indonesian President JokoWidodo has freshly launched the construction of the country’s first carboncapture, utilisation and storage (CCUS) project in West Papua province, operatedby the British multinational oil and gas company BP Plc.

The CCUS project has the capacity to store up to 1.8gigatonnes of carbon dioxide, energy minister Arifin Tasrif said in a statementon November 24.

BP was reported to invest 2.6 billion USD in the project, with the first carboninjection expected in 2026.

Indonesia has an estimated carbon storage capacity of 8gigatonnes in depleted oil and gas reservoirs and 400 gigatonnes in salineaquifers.

Energy ministry data shows there are currently 15 carboncapture and storage (CCS) and CCUS projects in various stages of preparation inthe country with a combined investment of nearly 8 billion USD, including BP'sproject./.

VNA

#Indonesian President #Joko Widodo #carbon capture #utilisation #storage #BP Plc #Indonesia #vietnam news agency #vietnamplus

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