NUSA DUA: The United States President Joe Biden announced a number of investments in Indonesia spanning areas like climate and food security, including a US$2.5bil (RM11.7bil) agreement between ExxonMobil and state-owned energy company Pertamina on carbon capture.
ExxonMobil and Pertamina’s agreement will further assess development of a regional carbon capture and sequestration hub in Indonesia, the White House said in a statement. The partnership “will enable key industry sectors to decarbonise” the statement said, citing the refining, chemicals, cement, and steel sectors.
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