Italian energy giant Eni and Indonesia's state-run oil and firm Pertamina on Wednesday agreed to explore opportunities and discuss collaboration in waste transformation and biomass valorisation processes, low carbon products and renewable energies development, Eni said in a statement.
The memorandum of understanding signed by Eni chief executive Claudio Descalzi and Pertamina president Nicke Widyawati agreed to explore and discuss collaboration in the field of recycling and re-use, water treatment and re-use processes and polymer recycling technologies, "also pursuing eco-design processes to maximize final products recycle," the statement said.
The MoU includes opportunities for collaboration in the research and technology development for waste valorisation, CO2 biofixaton and its re-use for sustainable mobility also leveraging Eni proprietary technologies such as Waste to fuel, Waste to hydrogen, Sewage sludge conversion into biomethane production by anaerobic digestion, Advanced biofuels from biomass and Chemicals from biomass, said the statement.
Eni and Pertamina will also discuss cooperation and business opportunities in renewable projects both in Indonesia and internationally, according to Eni's statement.
"Eni and Pertamina have also signed a Heads of Agreement for a Joint Venture aiming at the construction of an add-on grassroots bio-Refinery in Indonesia," the statement added.
"In the context of this partnership, key terms of a Processing Agreement in Italian refineries has also been signed. This will enable HVO to reach the Indonesian Market utilizing current Eni Ecofining Technology."
Eni said it has been operating in Indonesia since 2001 and currently has a large portfolio of assets in exploration, production and development
It is the operator of East Sepinggan Contract Area through its subsidiary Eni East Sepinggan Limited which holds an 85% Participating Interest while PT Pertamina Hulu Energi East Sepinggan holds the remaining 15%.
Production activities are located in the Kutei Basin, East Kalimantan, mainly through the Jangkrik field, in the Muara Bakau working area, that delivers production in excess of 650 million standard cubic feet per day.
