The memorandum of understanding (MoU), revealed today (Nov 2), aims to evaluate the possibility of implementing large-scale deployment of the low-carbon technologies to support the energy transition in the Asian country.
Should hydrogen technologies be developed, the region could become a hub for the production of hydrogen whilst also providing an opportunity to extend into the lucrative hydrogen market.
Read more: HDF Energy to enhance its hydrogen pipeline in Asia
Read more: Pierre-Etienne Franc: Hydrogen unavoidable for a successful energy transition
To identify hydrogen’s potential, the companies will jointly examine subsurface data to identify geologic formations underground that could be used to store carbon.
Hydrogen could then be produced with excess carbon emissions captured and stored in these underground formations.
Joe Blommaert, President of ExxonMobil Low Carbon Solutions, said, “We are evaluating large-scale carbon capture and storage projects that have the potential to make the greatest impact in the highest-emitting sectors around the world, and there are opportunities in Indonesia and throughout Southeast Asia.
“With well-designed policies and industry collaboration, we can move forward with reliable, safe and ready-to-deploy technologies at scale that can help governments achieve game-changing emissions reductions.”
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