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Carbonco participates in Indonesia CCS value chain construction project
DATE 2023.09.12
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Carbonco participates in Indonesia CCS value chain construction project
After signing the MOU (from left) CARBONCO CEO Lee Sang-min, Head of GE Gas Power Indonesia George Djohan, BP Asia Pacific CEO Kathy Woo, PLN Nusantara Power technology development director Adi Nugroho, and Jawa 1 power plant CEO Asistia Semiawan are holding hands.
After signing the MOU (from left) CARBONCO CEO Lee Sang-min, Head of GE Gas Power Indonesia George Djohan, BP Asia Pacific CEO Kathy Woo, PLN Nusantara Power technology development director Adi Nugroho, and Jawa 1 power plant CEO Asistia Semiawan are holding hands.-Signs a business agreement with GE Vernova and BP (Beyond Petroleum)
-Contributes to achieving carbon neutrality by introducing carbon capture, transportation, and storage technology (CCS) to a combined cycle power plant in Indonesia
CARBONCO, DL E&C's decarbonization solution provider subsidiary, participates in an Indonesian CCS value chain building project. Carbonco announced on the 12th that it signed a business agreement with GE Vernova and BP for the Indonesian combined cycle power plant CCS construction project.
The agreement was signed at the 2023 1st International CCS Forum at the Mulia Hotel in Indonesia on the afternoon of September 11 (local time). CARBONCO CEO Lee Sang-min, Head of GE Gas Power Indonesia George Djohan, and BP Asia Pacific CEO Kathy Wu attended the signing ceremony.
This project will capture carbon dioxide from a combined cycle power plant operated by Indonesia's state-owned power subsidiary and then transport and store it in the Tangguh storage station. They plan to contribute to Indonesia's carbon neutrality by combining each partner's strengths and expertise to implement CCS technology. BP is currently building a facility capable of storing about 1.8 billion tons of carbon dioxide in Tangguh, which will be Indonesia's first CCS hub.
The participating partners will develop the entire CCS value chain from carbon dioxide capture, transportation, and storage. CARBONCO will participate in the carbon capture process by leveraging its strengths in standardization and modularization technology based on its experience in having successfully executed FEED (front end engineering design) and detailed design of carbon capture facilities with an annual capacity of more than 1 million tons. GE Vernova will apply CARBONCO's CCS technology to combined cycle power plants to create a low-carbon combined cycle power plant with safety and economic efficiency based on its experience and technology in power generation and control. BP will be responsible for the transportation and storage process of the CCS project to develop the carbon storage station.
CARBONCO CEO Lee Sang-min said, “Our top priority is contributing to the global response to climate change. Beginning with this agreement, we will contribute to responding to climate change by reducing carbon emissions in the power industry, and through cooperation with GE, we will actively expand our decarbonization business to the Asian region, including Indonesia.”
