World

Indonesia launches first carbon storage project

Indonesian President Joko Widodo has freshly launched the construction of the country’s first carbon capture, utilisation and storage (CCUS) project in West Papua province, operated by the British multinational oil and gas company BP Plc.
Jakarta (VNA) – Indonesian President JokoWidodo has freshly launched the construction of the country’s first carboncapture, utilisation and storage (CCUS) project in West Papua province, operatedby the British multinational oil and gas company BP Plc.

The CCUS project has the capacity to store up to 1.8gigatonnes of carbon dioxide, energy minister Arifin Tasrif said in a statementon November 24.

BP was reported to invest 2.6 billion USD in the project, with the first carboninjection expected in 2026.

Indonesia has an estimated carbon storage capacity of 8gigatonnes in depleted oil and gas reservoirs and 400 gigatonnes in salineaquifers.

Energy ministry data shows there are currently 15 carboncapture and storage (CCS) and CCUS projects in various stages of preparation inthe country with a combined investment of nearly 8 billion USD, including BP'sproject./.
VNA
#Indonesian President #Joko Widodo #carbon capture #utilisation #storage #BP Plc #Indonesia #vietnam news agency #vietnamplus Indonesia
Follow VietnamPlus

Related News

See more

Laos intensifies business environment reforms

The latest Provincial Facilitation for Investment and Trade Index report indicates that since 2018, the public sector has clearly defined timelines for document approval, reducing the time required to establish a business to just 17 days, including 10 days for the issuance of a business registration certificate, five days for seal engraving, and two days for social insurance registration.

Datuk Seri Anwar Ibrahim attends the National TVET Day 2026 celebration at Dataran Putrajaya today. (Photo: Bernama)

Malaysia strengthens vocational training in technology and energy sectors

Malaysia is ramping up technical and vocational education and training (TVET) as a cornerstone of its economic transformation and talent development strategy, preparing its workforce for emerging fields such as artificial intelligence (AI), cryptocurrency technology and the global energy transition.

Indonesia eyes trade breakthrough with EAEU via FTA

Indonesia eyes trade breakthrough with EAEU via FTA

Indonesia seeks to develop relations with all countries and sees itself as a bridge between different regions of the world. Against a backdrop of growing geopolitical and global economic uncertainty, strengthening international cooperation and building reliable supply chains have become more important than ever.

Thai Prime Minister Anutin Charnvirakul (R) at Nation TV’s 26th anniversary event on June 4, 2026. (Photo: nationthailand.com)

Thailand prioritises OECD accession

Thai Prime Minister Anutin Charnvirakul the country’s bid to join the Organisation for Economic Co-operation and Development, or OECD, is central to the government’s economic agenda.

ASEAN aims to become global digital economy hub

ASEAN aims to become global digital economy hub

Studies indicate that the ASEAN Digital Economy Framework Agreement (DEFA) could help raise ASEAN’s digital economy value to 2 trillion USD by 2030 while transforming the region into a connected, comprehensive and sustainable digital economy hub on the global stage.

Malaysian Deputy Prime Minister and Minister of Energy Transition and Water Transformation Seri Fadillah Yusof speaks at the Energy Transition Conference 2026 (ETCon26) in Kuala Lumpur on June 3. (Photo: VNA)

Malaysia accelerates energy transition

Malaysian Deputy Prime Minister and Minister of Energy Transition and Water Transformation Seri Fadillah Yusof noted that for both Malaysia and ASEAN, the transition is not only an environmental imperative but also an economic necessity and a strategic priority.

A pregnant woman receives a routine pregnancy check-up at a hospital. (Photo: VNA)

ILO report highlights gaps in maternity benefits across ASEAN

The report calls for extending maternity protection to all women, including workers in the informal economy; strengthening financing mechanisms to ensure sustainability and adequacy of benefits; and aligning maternity protection policies with broader social protection, health and care policies.

President of Timor-Leste José Ramos-Horta (L) at the leadership lecture in Jakarta on June 2 hosted by the ERIA School of Government under the Economic Research Institute for ASEAN and East Asia (ERIA). (Photo: ERIA)

Timor-Leste President shares vision for peacebuilding, ASEAN integration

Drawing on his experience as a diplomat and Nobel Peace Prize laureate, Ramos-Horta cited the reconciliation process between Timor-Leste and Indonesia as a model for peacebuilding. He paid tribute to former Indonesian leaders for their contributions to normalising bilateral ties, stressing that friendship and cooperation ultimately prevailed over past divisions and laid the foundation for Southeast Asia's stability today.

Southeast Asia tourism sustains rebound

Southeast Asia tourism sustains rebound

Indonesia welcomed 4.68 million foreigners in the first four months, an 8.24% hike from a year earlier and the highest tally for the period since the COVID-19 outbreak, its Central Bureau of Statistics said on June 3.