Sign in Subscribe
Sustainable development

Pertamina's Green Energy Ambitions: A Move Towards a Sustainable Future

Strategic Insights

— 1 min read

Pertamina, Indonesia's state-owned energy company, has taken significant steps towards green energy development and emission reduction. As revealed by Pertamina's President Director, Nicke Widyawati, the company is embracing the energy transition by collaborating with the private sector. Despite fossil fuels dominating global primary energy consumption in 2022, countries are shifting towards green energy and decarbonization programs, with Indonesia playing a key role due to its vast territory, strategic location, and abundant natural resources. Pertamina's efforts aim to capture this potential and transition towards a sustainable future.

Key Takeaways:

  • Pertamina has allocated 43.8% of its budget for Fossil Fuel, 41.7% for Petrochemicals, and 14.5% for Green Business in the next 5 years, with a total budget of USD 68 billion or around 1,000 trillion.
  • The company is open to cooperation with the private sector in terms of investment, supplier, contractor, and other opportunities, offering huge potential for collaboration.
  • Pertamina has established partnerships in energy transition and decarbonization for EV Ecosystem, Nature Based Solution, and Green Industrial Cluster, which has boosted national economic recovery.
  • The company has formed partnerships with 5,600 local vendors or manufacturers, employed 82,000 workers, and achieved a Domestic Component Level (TKDN) of 60.6%.
  • Pertamina aims to support the 2060 Net Zero Emission target by continuing to encourage programs that have a direct impact on the achievement of the Sustainable Development Goals (SDGs).
  • The company's efforts align with the implementation of Environmental, Social & Governance (ESG) in all Pertamina's business lines and operations.

Statistics:

  • Pertamina has budgeted USD 68 billion for energy transition efforts over the next 5 years
  • 43.8% of the budget will be allocated for Fossil Fuel
  • 41.7% of the budget will be allocated for Petrochemicals
  • 14.5% of the budget will be allocated for Green Business
  • Pertamina has partnered with 5,600 local vendors or manufacturers
  • The company has employed 82,000 workers
  • The Domestic Component Level (TKDN) achieved is 60.6%

Sources:

  • PT Pertamina (Persero)
  • SOE-Private Synergy Forum for Collaboration for Inclusive Development
  • Contify.com (Pertamina Press Release)

Read more