MARUBENI Corporation and Pertamina have signed a memorandum of understanding to develop decarbonisation projects in Indonesia. "As measures to counter global climate change become increasingly important, reducing greenhouse gas emissions has become an urgent issue. Under these circumstances, Pertamina and Marubeni are promoting carbon capture, utilisation and storage [CCUS] as an effective measure to mitigate global climate change," Japanese trader Marubeni said. The companies will work on joint development of a wide range of decarbonisation projects, including a bioenergy with carbon capture and storage (CCS) project at Marubeni's pulp mill in Indonesia, producing biomass fuel and creating carbon credits. Pertamina, Indonesia's national oil and gas company, has committed to contributing to the government's 2060 carbon neutrality target by reducing greenhouse gas emissions by 30% compared with 2010 and developing 10.2 gigawatts of renewable energy facilities by 2026. Meanwhile, Marubeni is enhancing its climate change strategy through the development of CCUS projects to achieve its Long-Term Vision on Climate Change and is committed to contributing to sustainable development in Indonesia through these joint activities with Pertamina. Marubeni first invested in the Tanjungenim Lestari pulp and paper facility in South Sumatra in 1995. Eight years later, it invested in the adjacent forest plantation company, Musi Hutan Persada.
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