Saudi Aramco and Indonesia’s NOC Pertamina have signed an MoU to developing hydrogen and ammonia assets, the Saudi NOC announced on Monday.
The MoU is aimed at the entire hydrogen and ammonia value chain, including carbon capture utilisation and storage at Pertamina’s existing facilities.
The deal was signed on the sidelines of the B20 summit in Bali by Nicke Widyawati, president director for Pertamina, and Mohammed Y. Al Qahtani, senior vice-president of downstream operations for Saudi Aramco.
“As a company, our ambition is to achieve net-zero scope 1 and 2 greenhouse gas emissions across our wholly-owned operated assets by 2050,” said Al Qahtani.
Hydrogen assets are part of Indonesia’s target to have net-zero carbon emissions by 2060.