Enviro News Asia, Jakarta – Coordinating Minister for Economic Affairs, Airlangga Hartarto, received an audience with Wade Floyd, the newly appointed CEO of ExxonMobil Indonesia, at the Coordinating Ministry for Economic Affairs office in Jakarta.
The meeting aimed to strengthen strategic cooperation in the energy sector, industrial downstreaming, and the acceleration of the transition toward a low-carbon economy.
The Indonesian government is also pushing to strengthen trade relations between Indonesia and the United States (US) through strategic energy cooperation.
ExxonMobil, together with Pertamina, is currently exploring the possibility of increasing imports of crude oil and LPG from the US.
This initiative is expected to support national energy security and reduce the energy sector trade balance deficit between Indonesia and the US.
“This collaboration is part of Indonesia’s broader agenda to realize the energy transition, industrial downstreaming, and net-zero emissions target. The government sees synergy with global industry players such as ExxonMobil as key to building a resilient, inclusive, and sustainable economy, while also strengthening Indonesia’s position in the global energy supply chain,” Minister Airlangga explained in an official statement last week.
On the other hand, ExxonMobil reaffirmed its commitment to realizing an investment of USD 10 billion in Indonesia.
This investment will focus on the development of an integrated petrochemical complex with a Carbon Capture and Storage (CCS) facility on the island of Java.
The facility is targeted to begin operations before 2030, with an initial CO₂ storage capacity of 2 million tons per year.
It is also expected to create over 10,000 jobs during the construction phase and 600 high-skilled permanent jobs once operational.
Regarding this initiative, ExxonMobil Indonesia CEO Wade Floyd outlined the progress of the investment plan and the concrete steps moving forward.
He also expressed appreciation for the Indonesian government’s support for various ongoing and upcoming energy projects. (*)
