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ExxonMobil commits $10 billion to Indonesia’s first large-scale CCS plant

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PLN plans to implement carbon capture technology at the Indramayu power plant. (Photo: PLN)

Indonesia's state-owned electricity company PLN revealing that the cost of carbon storage is still much higher than setting up renewable energy power plants. However, PLN remains optimistic about the long-term economic benefits.

Additionally, U.S. oil giant ExxonMobil recently announced plans to invest in building a carbon capture facility in Indonesia to prevent petrochemical plants from adding extra carbon emissions, while also capturing them.

PLN still intends to deploy carbon capture technology

According to PLN's advisory and engineering subsidiary, PLN Enjiniring, the cost of carbon capture is about $40 per tonne, compared to the carbon reduction costs for natural gas plants, which range from $12 to $20 per tonne, a difference of over 100%.

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