PGEO Collaborates With Sinopec To Develop Geothermal Energy In Indonesia

Geothermal (photo: dock. intermediate)

JAKARTA - PT Pertamina Geothermal Energy Tbk (PGEO) established a strategic partnership with Sinopec Star Co, Ltd. (Sinopec Star) to collaborate in the development and utilization of geothermal energy.

PGE President Director, Julfi Hadi explained, the cooperation agreement that has been signed by both parties is in the context of developing geothermal energy both directly and indirectly, as well as opportunities in the development of green hydrogen in Indonesia, China, and other potential global markets.

"Sinopec Star has an advantage in utilizing geothermal with medium and low temperatures for distraction heating and has developed hydrogen plants," Julfi said in a statement to the media, Wednesday, February 19.

Meanwhile, PGE, he said, has a long experience in the use of geothermal at high temperatures for electricity generation in Indonesia. The competitive advantages of both parties will be combined so that they can take the opportunity in every use of energy cascaling and also the development of beyond energy.

"The two companies will also exchange technical expertise, the best practices, and operational insights to improve aspects of geothermal engineering and geothermal technology," continued Julfi.

Sinopec Star president, Fan Chuanhong, said geothermal energy is the main pillar of the Sinopec Star's renewable energy portfolio.

"This partnership allows us to share expertise, advance technology, and contribute to sustainable energy development in Indonesia and other countries," said Chuanhong.

The signing ceremony, which was held at the Sinopec Star headquarters in Beijing, marks the company's commitment to advancing geothermal energy as the main driver of the global energy transition.