Pertamina to develop bioenergy project at Marubeni pulp mill in Indonesia
TEL Pulp Mill. Imabe by Marubeni
February 18 (Renewables Now) - Japanese trader Marubeni Corp (TYO:8002) and Indonesian state-owned energy company PT Pertamina (Persero) will co-develop a bioenergy project with a carbon capture and storage (CCS) element at Marubeni's pulp mill in Indonesia.
Marubeni seeks to produce biomass fuel at its pulp mill in South Sumatra in a drive to achieve a carbon-negative pulp production process, according to the announcement.
The project is the result of a newly-signed memorandum of understanding between the two companies, outlining a partnership on the development of a wide range of decarbonisation projects in Indonesia.
PT Pertamina is committed to helping the Indonesian government to achieve its 2060 carbon neutrality target by lowering greenhouse gas (GHG) emissions by 30% compared to 2010 levels and developing 10.2 GW of renewables by 2026, the press statement says.