our businesses in Indonesia

new collaboration to explore lower carbon

Memorandum of Understanding signing of Lower Carbon Solutions for Indonesia between Chevron New Ventures Pte. Ltd. and PT Pertamina (Persero) Washington DC, 12 May 2022

Geothermal Permit Handover from Director General of New Renewable Energy and Energy Conservation (EBTKE) to the Joint Venture Company, PT Cahaya Anagata Energy

Signing of Joint Development Study Agreement of CCS/CCUS between Chevron New Energies International Pte. Ltd. and PT Pupuk Indonesia (Persero)

Memorandum of Understanding signing of Lower Carbon Solutions for Indonesia between Chevron New Ventures Pte. Ltd. and PT Pertamina (Persero) Washington DC, 12 May 2022

Signing of Joint Study Agreement (JSA) to examine the feasibility of carbon capture utilization and storage (CCUS) in East Kalimantan, Indonesia between PT Pertamina (Persero) and Chevron New Energies International Pte. Ltd. in Houston on 6 March 2023

Geothermal Permit Handover from Director General of New Renewable Energy and Energy Conservation (EBTKE) to the Joint Venture Company, PT Cahaya Anagata Energy, as the operator of Way Ratai Geothermal Working Area

Signing of Joint Development Study Agreement (JSDA) of CCS/CCUS regarding assessment of carbon capture to decarbonize and enable lower carbon ammonia production in East Kalimantan between Chevron New Energies International Pte. Ltd. and PT Pupuk Indonesia (Persero)

Chevron is collaborating with Indonesia’s state-owned enterprises such as Pertamina and Pupuk Indonesia to explore potential business opportunities in lower carbon energy and solutions while also helping Indonesia achieves its lower carbon aspiration, with details as follows:

Way Ratai Geothermal Block in Lampung operated by PT Cahaya Anagata Energy (a JV company between Chevron and PT Pertamina Geothermal Energy, Tbk). The project is expected to explore and develop geothermal energy.
Joint study on carbon capture and storage (CCS) in East Kalimantan (between Pertamina and Chevron). The Joint Study Agreement was signed in 2023.
Joint study between (Chevron and PT Pupuk Indonesia (Persero) regarding the assessment of carbon capture as a decarbonization effort and the potential production of low-carbon ammonia at the PT Pupuk Kalimantan Timur (Kaltim) industrial area. The joint study agreement was signed in July 2024.

Cautionary Statement