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SUMMARY

The companies plan to implement lower-emissions technologies, including carbon capture and storage and hydrogen production.

By Shardul Sharma

US major ExxonMobil and Indonesian state-run energy company Pertamina have signed a joint study agreement to assess the potential for lower-emissions technologies, including carbon capture and storage and hydrogen production, ExxonMobil said on May 13.

The agreement builds on efforts to advance carbon capture and storage in Indonesia that have taken place since the companies signed a memorandum of understanding at COP 26 in Glasgow. “The expanded agreement will support Indonesia’s net-zero ambitions and builds on a decades-long strategic partnership between ExxonMobil and Pertamina,” the US company said.

ExxonMobil said it is working to commercialise lower-emission technologies and support global emission-reduction efforts. It is initially focusing its carbon capture and storage efforts on point-source emissions, the process of capturing CO2 from industrial activity that would otherwise be released into the atmosphere and injecting it into deep underground geologic formations for safe, secure and permanent storage.

The company is also pursuing strategic investments in biofuels and hydrogen to bring those lower-emissions energy technologies to scale for hard-to-decarbonise sectors of the global economy.