Pertamina Successfully Runs Unlock Value Program Throughout 2023

JAKARTA - Throughout 2023, PT Pertamina (Persero) has successfully implemented the Unlock Value program in several subholdings and subsidiaries.

Just so you know, the Unlock Value is Pertamina's flagship program to improve the performance of its respective subsidiaries, by exposing the advantages of its subsidiaries.

"Pascapandemic COVID, tahun 2023 menjadi momentum bagi berbagai industri di dunia untuk bertumbuh. Melalui Unlock Value ini, kami mendorong subholding dan anak perusahaan untuk melakukan aksi korporasi sehingga bisa memanfaatkan momentum pertumbuhan usaha ini dengan maksimal," jelas Vice President Corporate Communication Pertamina Fadjar Djoko Santoso, Kamis, 13 Juni.

Fadjar explained, several Unlock Value programs in 2023 are the initial public offering (IPO) of PT Pertamina Geothermal Energy Tbk on February 25, 2023.

This IPO is one of the largest corporate actions on the Indonesia Stock Exchange (IDX) in 2023, and has attracted the attention of international investors because PGE carries geothermal clean energy in line with global aspirations in overcoming the challenges of the climate crisis.

In addition, Pertamina through Subholding Pertamina New and Renewable Energy (PNRE) is also ready to become a market leader in carbon trading in Indonesia.

Pertamina emphasized this commitment at the inaugural launch of the IDX Carbon Exchange at the IDX, Jakarta, by President Joko Widodo, on September 26, 2023.

Pertamina also boosted the transition energy business. One of them is through the inaugural test of commercial aircraft using environmentally friendly fuels, namely Sustainable Aviation Fuel (SAF) or BioAvtur.

SAF is produced by Pertamina International Refinery, and will be commercialized by Pertamina Patra Niaga, as the future of a sustainable aviation industry.

"SAF is proof of the collaboration between SOEs in efforts to reduce emissions and support the achievement of the Net Zero Emission target," explained Fadjar.

Meanwhile, Pertamina's subsidiary in the health sector, PT Pertamina Bina Medika - Indonesia Healthcare Corporation, has topping off the construction of the Bali International Hospital (BIH). BIH will become an international-class hospital in a special economic zone for the Health SEZ in Sanur, Bali.

Pertamina also continues to innovate. In 2023, there are 4 research products that have successfully entered the commercialization stage. Also, the addition of 8 New Intellectual Property Rights (HAKI).