GE VERNOVA, CARBONCO, BP, PLN NUSANTARA AND JAWA 1 TO DEVELOP CCUS VALUE CHAIN FEASIBILITY STUDY IN INDONESIA

GE Vernova’s Gas Power, Korea’s CARBONCO, a company specializing in decarbonization solutions established by DL E&C Co., Ltd; BP Berau (bp), the Operator of Tangguh; PT. PLN Nusantara Power (PLN Nusantara), a subsidiary of Indonesia’s national utility PLN; and PT Jawa Satu Power (Jawa 1), the owner of PLTGU Jawa 1 jointly owned by shareholders Pertamina New and Renewable Energy, Marubeni and Sojitz; announced the signing of a Memorandum of Understanding (MoU), to jointly carry out a feasibility study to develop a CCUS value chain and joint solutions to decarbonize gas power plants in Indonesia, powered by GE Vernova power technology. BP Berau Ltd (bp) is the operator of Tangguh and acts on behalf of contractors of Tangguh PSC (namely MI Berau B.V., CNOOC Muturi Limited, Nippon Oil Exploration (Berau) Ltd., KG Berau Petroleum Ltd., Indonesia Natural Gas Resources Muturi, Inc., KG Wiriagar Petroleum Ltd.). The joint project aligns with efforts to bolster Indonesia’s energy transition towards a lower-carbon future rapidly and with scale, especially in the power generation sector.

The MoU was signed at the 1st International & Indonesia CCS Forum 2023 which takes place from 11-12 September at Mulia Hotel, Jakarta.

The MoU builds on an announcement made in October 2022, by GE and CARBONCO to jointly explore a roadmap for the integration of CCUS technology with gas-fired power plants in Asia and the Oceania regions, powered by GE Vernova power technology. Both parties have since identified and developed tangible opportunities based on economic viability and project feasibility. The MoU with bp, PLN Nusantara Power, and Jawa1 serves as an important milestone in paving the way to accelerate the adoption of CCUS technologies in Asia.

Under the agreement, PLN Nusantara, Jawa 1, CARBONCO, bp and GE Vernova will collaborate to address the entire CCUS value chain, from the implementation of carbon capture technology in gas-fired power plants to the transportation of CO2 to import and export terminals as well as the sequestration of captured CO2 at the Tangguh field in Teluk Bintuni, Papua Barat, Indonesia. The study endeavours to achieve a deeper understanding of the development of a CCUS value chain for Indonesia as the hub for the region.

GE Vernova will build on its recognized experience in advanced technology and controls to integrate combined cycle power plants with CARBONCO’s CCUS technology. With proven expertise in gas combined cycle plant engineering, operability, and plant integration with carbon capture plants, GE Vernova will lead integration with the goal of ensuring dispatchability, lower carbon intensity, high flexibility and reliability, and lower capital cost.

CARBONCO will deploy its technological capabilities and experience in CCUS which is backed by more than 20 years of experience executing a variety of global decarbonization projects. In addition, CARBONCO has successfully completed FEED (Front-End Engineering Design) and detailed engineering designs for the carbon capture of 3,000 tons per day scale. CARBONCO will capitalize on its strengths in standardization and modularization towards the joint study to help ensure quality standards and de-risk uncertainties.

The Tangguh CCUS project carried out by bp is the most advanced CCUS project in Indonesia with a development plan that has received approval from the Government of Indonesia in 2021, for ongoing FEED work and planned project sanction in the near future. Holding ca 1.8 GtCO2 in ultimate storage capacity, Tangguh is well-positioned and has tremendous potential to become the country’s first CCS hub for domestic and international emitters. For the initial phase at Tangguh, bp plans to inject 30+ million tons of CO2 back into the reservoir to help recover additional gas production through Enhanced Gas Recovery (EGR). This will be the first large-scale CCUS project with EGR in the world.

As a leading multinational energy company which has been operating for more than five decades in Indonesia, bp brings global knowledge and expertise, technology and the financial capability necessary to advance CCUS/CCS initiatives in the country.