World

Indonesia needs 25 billion USD for green hydrogen development

Indonesia will need 25.2 billion USD in investment from the private sector for green hydrogen development for 2031-2060 period, according to the country's Ministry of Investment.

A geothermal power plant owned by state-run electricity company PLN with a capacity of 140 megawatts in Bandung District, West Java. (Photo: Antara)
A geothermal power plant owned by state-run electricity company PLN with a capacity of 140 megawatts in Bandung District, West Java. (Photo: Antara)

Jakarta (VNA) - Indonesia will need 25.2 billion USD in investment from the private sector for green hydrogen development for 2031-2060 period, according to the country's Ministry of Investment.

Dendy Apriandi, the ministry's Director for Investment Deregulation, said on August 15 that Indonesia aims to reduce carbon emissions by 43% by 2030. This target requires the above-mentioned investment and Indonesia is working hard to pursue the plan, he added.

One of the companies that have invested in the development of green hydrogen is Pertamina, which has invested 11 billion USD as part of efforts to achieve the green energy advancement target.

Furthermore, intergovernmental organisation Global Green Growth Institute (GGGI) is also cooperating with Samsung and Hyundai in a 1.2 billion USD project in Sarulla Block, North Sumatra, to produce green hydrogen.

Apriandi said that the business potential of green hydrogen development is greater than conventional hydrogen derived from gray hydrogen or natural gas. However, the production cost of green hydrogen is still quite high.

Earlier, the Ministry of Industry highlighted that the development of hydrogen can be an effort to prevent energy crises in the industry sector as well as support the realisation of carbon dioxide reduction. Indonesia has set the target to reduce 912 million tonnes of CO2 by 2030./.

VNA
#Indonesia #green hydrogen #carbon dioxide reduction Indonesia
Follow VietnamPlus

Related News

See more

Thai Prime Minister Anutin Charnvirakul speaks before the Parliament in Bangkok on September 29 (Photo: XINHUA/VNA)

Thai PM dissolves parliament

Thai Prime Minister Anutin Charnvirakul on December 12 signed a decree dissolving the House of Representatives, paving the way for a new general election.

Housing and Local Government Minister Nga Kor Ming (Photo: Bernama)

Malaysia takes drastic measures to prevent illegal dumping

As of October, a total of 3,634 illegal dumping sites in Johor, Melaka, Negeri Sembilan, Pahang, Perlis, Kedah, and areas under Kuala Lumpur and Putrajaya had been shut down - the highest number recorded since the Solid Waste and Public Cleansing Management Act 2007 (Act 672) took effect.

The joint military training exercise, Exercise Cooperation, is in its seventh iteration, and will centre on urban counter-terrorism operations. (Photo: Singapore's Ministry of Defence)

Singapore, China strengthen defence cooperation

Exercise Cooperation, a joint exercise between Singapore and China, is taking place from December 10 to 17, featuring a battalion-level field training exercise at Safti City for the first time.

Illustrative image (Photo: Getty Images)

Singapore sees alarming rise in domestic violence cases

Domestic violence in Singapore continued to rise in 2024, mainly due to increased child abuse and spousal violence, according to the Domestic Violence Trends Report released by the Ministry of Social and Family Development on December 10.

Indonesia speeds up reconstruction after severe floods, landslides

Indonesia speeds up reconstruction after severe floods, landslides

Indonesian President Prabowo Subianto has approved a relief package worth 60 million IDR (about 3,600 USD) for each damaged home. Coordinated efforts are underway to provide financial aid, rebuild infrastructure, and restore livelihoods, particularly for 25,000 ha of farmland in West Sumatra.

Illustrative image (Photo: asianewstoday.com)

Malaysian rare earth companies eligible for incentives

The Malaysian Ministry of Investment, Trade and Industry (MITI) said companies that carry out high-technology activities as well as small and medium enterprises (SMEs) may also be considered for special incentives under the Promotion of Investments Act 1986.

The Singaporean authorities said on December 8 that they first caught the 16-year-old in possession of a regular e-vaporiser on September 4. (ST PHOTO: CHONG JUN LIANG)

Singapore takes tough measures against e-cigarettes

Etomidate abusers admitted to a DRC will undergo rehabilitation programmes to address their risk of re-offending. These may include psychology-based correctional programmes, family programmes, pro-social support programmes and religious counselling, reported by The Straits Times.

This aerial photo taken on Feb. 14, 2025, shows forest areas that surround a village in Sigi, Central Sulawesi province. (Illustrative photo: Antara News)

Indonesia seeks new oil and gas sources

Indonesia has 128 identified sedimentary basins, but only 20 are producing hydrocarbons. The remaining 108 basins - many located in eastern Indonesia - are believed to hold significant potential despite higher geological risks.

Illustrative image (Photo: Internet)

Philippines suspends pork imports from Spain due to ASF

Only frozen pork products produced on or before November 11 and loaded, in transit, or accepted at port by December 4, will be allowed entry into the Philippines. Shipments produced after November 11 will be returned to Spain.

Bangkok on alert amid high tides

Bangkok on alert amid high tides

A total of 11 communities across six districts, located outside the city’s flood-protection embankments, are at risk of being impacted directly. More than 320 households could face flooding if water overtops the riverbanks.

First-prize winners of the writing contest featuring Vietnamese students in the Republic of Korea. (Photo: VNA)

Writing contest highlights life of Vietnamese students in RoK

Contestants were required to complete three stages: an essay in Korean (2,000–3,000 words), and an online interview. A total of 18 contestants from universities across the RoK were selected for the final, where they delivered a Korean-language presentation summarising their essay.

Thailand plans to open Andaman petroleum blocks

Thailand plans to open Andaman petroleum blocks

Thailand’s energy policy must maintain a balance between security, sustainability and affordability. Over-prioritising any one pillar would harm both the public and the country’s competitiveness.