PT Pertamina International Shipping (PIS), a subsidiary of state-owned oil and gas firm Pertamina, has partnered with Nippon Yushen Kabushiki Kaisha (NYK) Group to focus on carbon dioxide (CO2) and liquefied natural gas (LNG) transportation, as well as ship management.
Under a signed Memorandum of Understanding (MoU), the duo has agreed to set up a jointly owned ship management company to meet increased demands in Indonesia.
In turn, this will focus on CO2 and LNG movements. As part of this focus, the companies have said they hope to offer liquid CO2 (LCO2) transportation services for storage operators and CO2 emitters.
Playing its role, PIS will focus on the transportation part of the CCS project, which requires ships to move the product [CO2] to carbon storage facilities, such as underground wells.
Yoki Firnandi, CEO of PIS, noted the importance of collaboration for CCS transportation.
He said, “This MoU with NYK drives PIS’ initiative to unlock value and grow beyond Indonesia through long-term partnerships and close relationships with our shareholders. The MoU also symbolises PIS’ readiness to become a leading aggregator of CCS transportation and logistics in the region.”
In addition to supporting Indonesia’s country-wide goals, the collaboration also aligns with Pertamina’s commitment to achieve Net Zero emissions by 2050 through CCS technology and other emission reduction initiatives.
The MoU was signed at Pertamina’s headquarters and attended by the President Director of PT Pertamina, Nicke Widyawati, CEO of PIS, Yoki Firnandi, and Managing Executive Officer of NYK Hironobu Watanabe.
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