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Marubeni, Japex, Pertamina to study bioenergy with CCS

  • Market: Emissions
  • 28/08/24

Japanese firms Marubeni and Japan Petroleum Exploration (Japex) have partnered Indonesian state-owned energy firm Pertamina to study bioenergy with carbon capture and storage (Beccs) at a pulp mill in south Sumatra, Indonesia.

Beccs is a technology that combines biomass power generation with CCS, and is expected to be an effective option for offsetting CO2 from hard-to-abate industries where complete decarbonisation is challenging, said Japex on 26 August.

The joint study will assess the feasibility of implementing Beccs by capturing CO2 emitted from biomass-fuelled boilers that are used for self-power generation at the pulp mill, according to Japex. The pulp mill is operated by Tanjungenim Lestari Pulp and Paper, a subsidiary of Marubeni.

The captured CO2 will then be injected and stored into synclinal aquifers in the nearby northern Limau oil field, which is operated by the Pertamina group. The parties aim to begin operations by 2030.

Beccs technology is currently progressing from the demonstration stage to pilot commercialisation, and the study could potentially result in a commercial-scale project, which would be a "pioneering initiative in the field," said Japex.

This joint study is part of an agreement signed in February 2022 between Marubeni and Pertamina, to develop decarbonisation projects in Indonesia. Apart from Beccs, the firms also plan to produce biomass fuels and projects to generate carbon credits.


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28/08/24

US, Italy, Germany miss goal to cut fossil fuel finance

US, Italy, Germany miss goal to cut fossil fuel finance

Edinburgh, 28 August (Argus) — Countries including the US, Italy and Germany continued to finance international fossil fuel projects last year despite committing to stop doing so by the end of 2022, according to a report by think-tank the International Institute for Sustainable Development (IISD) and civil society organisation Oil Change International. A total of 39 countries and development banks, including the US, Canada, Germany, the UK, France and Italy, promised to end international public finance for unabated fossil fuels by the end of 2022. The Glasgow pledge — the Clean Energy Transition Partnership (CETP) — signed on the sidelines of the UN Cop 26 climate talks has exemptions for "limited and clearly defined circumstances consistent with a 1.5°C warming limit and the goals of the Paris Agreement". The report found that the US invested $3.2bn in 10 overseas projects last year and its export-import bank approved $500mn for 300 oil and gas well in Bahrain. The US is "currently considering at least five fossil fuel megaprojects that are all steeped in controversy, including gas projects in Guyana, Papua New Guinea and Mozambique", the report said. The organisations said Switzerland approved five fossil fuel projects abroad last year for a total of $1.4bn, Italy and Germany approved $1bn each and Italy's export credit agency SACE provided $4.3bn for petrochemical projects. Italy's policy contains "numerous wide-ranging loopholes" that essentially allow SACE "to continue its fossil finance virtually unhindered", the organisations said. The report also pointed out that the Netherlands committed $321mn to an oil and gas project in Brazil's Santos basin. Environmental organisations had warned last year that energy security concerns would mean some countries including the US, Germany and Italy would miss the pledge made in Glasgow . But fossil fuel finance is decreasing even among signatories with policies that do not match the ambition of the CETP, according to the report. "A year after the deadline, most CETP signatories — including Canada, the UK, France and the European Investment Bank — have met their promise," IISD and Oil Change said. And the commitments have shifted billions away from fossil fuel investments towards clean energy. The report found that signatories have collectively reduced their international public finance for fossil fuel projects by around $10bn-15bn from a 2019-21 average to around $5.2bn in 2023. International investment in clean energy rose by 16pc in the same period to $21.3bn. "Signatories particularly need to adopt ambitious and quantitative targets for rapidly scaling up finance for clean energy, commit to a high standard for the quality of this financing, as well as prioritise financing for key enabling energy sub-sectors and for the countries that need it most," the organisations said. The report found that the largest recipients of the pledge signatories' finance were upper and upper-middle income countries rather than low-income nations. The top three recipients of the signatories' international public finance for clean energy last year were Spain, Germany and Poland, they said. By Caroline Varin Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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Japan seeks $11bn green budget funding


28/08/24
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28/08/24

Japan seeks $11bn green budget funding

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Colombia O&G methane emissions fall by 16pc


27/08/24
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27/08/24

Colombia O&G methane emissions fall by 16pc

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Coal developments at odds with Cop fossil fuel pledge


27/08/24
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27/08/24

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Brazil expects R2 trillion in energy transition


26/08/24
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26/08/24

Brazil expects R2 trillion in energy transition

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