Signing of cooperation between Pertamina-Eni in Rome, Italy, Wednesday (01/30/2019)

That already becomes a natural law for every natural resource in the world to gradually run out because of the massive human needs. One of them is the need for energy resources that until now humans are still dependent on energy resources from fosils which are predicted to run out in 2050. Therefore each country synergizes with each other to create alternative energy resources for human survival in energy needs.

One of them is the efforts of bilateral cooperation between Indonesia and Italy in anticipating the energy crisis in the future by establishing cooperation in the field of renewable energy. The cooperation between the two business entities was marked by the signing of three agreements in Rome, Italy, Wednesday (1/30).

Two agreements relate to the development of the Green Refinery, namely the Head of Joint Venture Agreement (initial agreement to establish a joint venture company) and Term Sheet CPO Processing (Palm Oil Processing). This is a continuation of the signing of a memorandum of understanding in September 2018 and continued in December 2018.

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Another agreement was signed by Pertamina’s Managing Director Nicke Widyawati and Claudio Descalzi’s Chief Executive Officer (CEO), a memorandum of understanding regarding circular economy, low carbon products, and renewable energy. This agreement was witnessed by ESDM Minister Ignasius Jonan.

Pertamina’s Processing Director Budi Santoso Syarif said that this collaboration was an important milestone for energy development in Indonesia, especially in reducing the use of fossil energy. That way, he hoped, crude oil imports could also be reduced for the sake of national energy independence.

Pertamina’s main factor in agreeing to this collaboration is that Pertamina believes that ENI is a company that has experience producing Avtur and Solar fuel from 100% palm oil. Moreover, ENI has expertise in Biorefineries technology in Italy and together with UOP has the technological license of Ecofining.

However, not only palm oil, Pertamina will maximize its customers as an energy source. Thus, the increasing energy demand in Indonesia can be fulfilled and carbon dioxide emissions (CO2) can be controlled.

The Term Sheet CPO Processing cooperation is Pertamina’s first step in utilizing palm oil as fuel at the Eni refinery, Italy, which has been experienced since 2014 to produce Hydrotreated Vegetable Oil (HVO) as a Solar mixture. However, both parties will continue to discuss the potential of building an “environmentally friendly refinery” to produce HVO.

Reference:
katadata.co.id
pertamina.com

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