The facility could potentially produce up to 100,000 tons of green hydrogen per annum in Indonesia using locally sourced renewable energy, which will be exported via subsea pipeline to Singapore. The project is expected to be Indonesia’s first green hydrogen export to Singapore.
The signing was witnessed by Deputy Coordinating Minister for Infrastructure and Transportation Coordination, Republic of Indonesia, Rachmat Kaimuddin, and Singapore’s Chief Executive of Energy Market Authority, Ngiam Shih Chun, at the Singapore International Energy Week 2023.
Wong Kim Yin, Group President & CEO, Sembcorp Industries, said, “Hydrogen and its derivatives remain one of the most promising substitutes for natural gas in power generation. Through this partnership with PT PLN, we endeavor to co-develop a viable low-carbon hydrogen supply chain in ASEAN that will diversify energy sources for both countries. This will support the decarbonization of Singapore’s power sector as the country progresses towards its 2050 net-zero target.”
Darmawan Prasodjo, President Director of PT PLN said, “PLN is fully committed to accelerating the energy transition towards greener energy to ensure a better future for the next generation. One of the concrete examples is through this partnership. We appreciate our partner, Sembcorp, and we are hoping for support from all parties to successfully implement future green energy projects in Indonesia and the Southeast Asian region.”
The signing of the joint development study agreement is not expected to have a material impact on the earnings per share and net tangible assets per share of Sembcorp for the financial year ending December 31, 2023.
PHOTO: The signing of the joint development study agreement between Sembcorp and PT PLN (Persero) to explore the feasibility of green hydrogen production in Indonesia for export to Singapore was witnessed by Deputy Coordinating Minister for Infrastructure and Transportation Coordination, Indonesia, Rachmat Kaimuddin (standing, second from right), and Singapore’s Chief Executive of Energy Market Authority, Ngiam Shih Chun (standing, first from right).
