Saudi Arabia’s state-owned energy giant Aramco and Indonesia’s PT Pertamina (Persero) signed an agreement to explore collaboration across the hydrogen and ammonia value chain.
The MoU was signed in a ceremony that took place alongside the B20 Summit in Bali, where G20 members and global energy companies have jointly committed to be part of the solution to the global energy crisis which is affecting millions of people worldwide.
Aramco’s Senior Vice President of Downstream, Mohammed Y. Al Qahtani, said: “Our work in developing new ammonia and hydrogen energy pathways will be pivotal in achieving that goal while helping to advance an affordable, equitable and more sustainable transition for all.”
The MoU involves a pre-feasibility study that aims to assess the possibility of cooperation related to the development of a clean ammonia and hydrogen value chain. It includes potential carbon capture, utilisation and storage (CCUS) at Pertamina Group’s existing facilities and other agreed potential locations.
The study will explore investment viability and jointly develop commercialisation options, including but not limited to business organization and commercial structures for clean ammonia and hydrogen in Indonesia. The study is expected to be conducted over the next two years, and depending on outcomes may be developed further.
