Rauf Usman’s Post

On 24 November, President Joko Widodo kicked off Indonesia’s first #carbon storage project, the Ubadari carbon capture, utilization, and storage (#CCUS) project. The Ubadari CCUS kickoff followed the inauguration of bp's Tangguh Train III, completed last month for USD 4.8 billion, and has made Tangguh the largest gas-producing facility in Indonesia. Here’s a summary of key details: 📍 Location: Bintuni, West Papua - as one of fifteen Indonesian CCS/CCUS projects in various stages of development, with a combined investment of USD 8 billion 💵 Investment: bp is set to operate the project with an investment of USD 2.6 billion, per an energy ministry statement last September. This figure is yet to be confirmed by the company 🌱 Potential: The facility will potentially store up to 1.8 gigatons of carbon dioxide equivalent, equal to the yearly emissions of roughly 380 million passenger cars (per my rough estimation based on Spring Free EV data). Carbon injection to the plant is set to start in 2026 🍲 Food for thought: The International Energy Agency (IEA) has reported "excessive expectations and reliance on CCUS," in a recent report on the role of oil and gas companies in the #netzero transition. Companies will need to cut their own emissions, diversify, and scale up other decarbonizing technologies for the sector to further accelerate the transition We await further developments