Singapore has become the first country to sign a letter of intent (LOI) with Indonesia on cross-border collaboration on carbon capture and storage (CCS) following a new Indonesian law to allow it.
Indonesia issued a presidential regulation last month allowing CCS operators to allocate 30% of their storage capacity for imported carbon dioxide.
With the goal of net zero emissions by 2050, Singapore is looking at exploring low-carbon technologies such as hydrogen and CCS, as part of a suite of mitigation measures.
According to a joint statement on Feb. 15, Singapore and Indonesia will form a working group to seek a legally binding bilateral agreement on the cross-border transport and storage of CO2 between the neighboring countries.
