Saudi Arabia’s ACWA Power and Indonesia’s Pertamina New & Renewable Energy have signed a joint development agreement (JDA) to develop the core utilities supply for the Tuban Grass Root Refinery and Petrochemical Project.
The agreement was signed by Dannif Danusaputro, CEO of PNRE, and Paddy Padmanathan, Vice Chairman and Chief Executive Officer of ACWA Power, at the B20 Summit, according to a press release.
The ceremony was witnessed by Indonesian Minister of Energy and Mineral Resources Arifin Tasrif, Indonesian Chairman of Chamber of Commerce and Industry Arsjad Rasjid, Chair of B20 Indonesia Shinta Kamdani, and CEO & President Director of Pertamina Nicke Widyawati.
A refinery capable of producing aromatics and ethylene, the Tuban facility is located in Java, eastern Indonesia. The scope of the JDA comprises development of a 575 MW power generation facility, a steam generation component with a capacity of 3,288 tons per hour; and a water desalination plant with a total capacity of 363,480 m3/day.
“With climate change implementation strategies at the top of the global consciousness, an integrated approach that can enable decarbonization in a responsible and reliable manner is key to mitigating the impact of carbon-intensive industries,” said Padmanathan.
“As a company that this driving the transition, we are proud and privileged to be collaborating with such a visionary company as PERTAMINA NRE, leveraging our extensive expertise in delivering renewable energy and desalinated water at scale, and now green hydrogen as well, to deliver successful outcomes,” he added.
As for Danusaputro, he said: “It is very exciting that we are going to support Tuban GRR&P project by providing low carbon solutions.”
“Having a reputable strategic partner is very crucial in terms of technology transfer and risk sharing. We believe this collaboration will create significant value.”