Japan’s Mitsui & Co and Indonesian state-owned energy and petrochemicals company Pertamina are looking at commercial opportunities for carbon capture, utilisation and storage (CCUS) in Indonesia, said Reuters.
CCUS infrastructure is a factor in decisions where to locate new chemical plants. The companies have launched a feasibility study to evaluate the carbon dioxide (CO2) subsurface storage capacity of Indonesian oil and gas fields whose production volume has been declining.
Among those are the Duri and Minas oil fields in the Rokan Block on Sumatra, which is operated by Pertamina. The plan is to “examine potential commercialisation toward the establishment of a CCUS value chain”, including capture and transportation of CO2 emitted from industrial plants, power generation plants, and other facilities, Mitsui said.
The partners will also look into the potential of receiving CO2 from other nations, including Japan, via ship transportation, aiming to create new low-carbon solution business in Indonesia.
Mitsui added it would promote initiatives toward the creation of a CCUS value chain in the Asia-Pacific region through the partnership with Pertamina, thereby accelerating CCUS commercialisation projects around the globe.
"CCUS is expected to play a significant role in helping the Asia-Pacific region achieve a low-carbon economy while meeting its growing energy demand,” said Toru Iijima, an executive with Mitsui’s Energy Solution Business Unit.
“Leveraging our expertise in the oil and gas upstream business and extensive business networks, both of which represent Mitsui's strengths, we will work closely with Pertamina to provide industrial CO2 reduction solutions in Indonesia,” he said. Financial or other terms were not disclosed.
As per MRC, Olin Corp. (Calyton, Mo.) and Mitsui & Co., Ltd. (Tokyo) announced a global strategic alliance to better serve customers. The companies have agreed to a memorandum of understanding to establish a joint venture that brings together Mitsui’s top-notch global logistics, deep supplier and customer relationships, and breadth of product portfolio with Olin’s scale, North American export capability, and production flexibility across the electrochemical unit (ECU) portfolio.
As per MRC, Mitsui Chemicals, Maruzen Petrochemical Co., Toyo Engineering Corporation and Sojitz Machinery Corporation announced that a joint pilot project to be demonstrated by the four companies is to be funded by the New Energy and Industrial Technology Development Organization.
As MRC informed before, earlier this month, Covestro entered into an agreement with Mitsui Chemicals on the supply of raw materials phenol and acetone from ISCC Plus certified mass-balanced sources. Both components will be used for the production of polycarbonate at Covestro's Asian sites in Shanghai, China, and Map Ta Phut, Thailand. The high-performance plastic is used, for example, in car headlights, LED lights, electronic and medical devices and automotive glazing. Japan's Mitsui Chemicals and Mitsui & Co., Ltd are already a long-standing supplier to Covestro.
mrchub.com