GE Vernova Jointly Signs MoU for Feasibility Study to Develop CCUS Value Chain

GE Vernova, CARBONCO, bp, PLN Nusantara, and Jawa 1 have announced the joint signing of a memorandum of understanding (MoU) to conduct a feasibility study to develop and integrate a CCUS value chain for the decarbonization of gas plants in Indonesia. The chain will be powered by technology from GE Vernova while BP Berau (bp) operates the Tangguh CCUS project—the site of CO₂ sequestration for the joint study.

The project aims to assist Indonesia in its transition toward a low-carbon future in the power generation sector. The signed MoU also advances the blueprint established by GE Vernova and CARBONCO in October 2022—the integration of CCUS for gas-fired plants in Asia and Oceania.

“GE Vernova continues to play a crucial role in supporting the advancement of the region’s energy goals, working alongside global and local players such as CARBONCO, bp, PLN Nusantara and Jawa 1.” said Ramesh Singaram, Asia President & CEO of GE Vernova’s Gas Power business. “We are especially focused on further developing crucial breakthrough energy technologies such as carbon capture and are pleased that this collaboration will pave the way for a value chain that will help address carbon emissions reduction in the power sector and support climate change commitments in Indonesia.”

According to the terms of the agreement, PLN Nusantara, Jawa 1, CARBONCO, bp, and GE Vernova will collectively address the facets of a CCUS value chain. These facets include the implementation of carbon capture at gas-fired plants, transportation of CO₂ to import/export terminals, and storage of captured CO₂ at bp’s Tangguh field site.

GE Vernova will collaborate with CARBONCO to integrate the company’s CCUS technology into combined-cycle power plants, ensuring low-carbon intensity, flexible, and reliable power dispatch. CARBONCO has completed the front-end engineering design (FEED) for CCUS technology capable of capturing 3,000 tons of CO₂ per day.

Kathy Wu, BP Regional President Asia Pacific, Gas & Low Carbon Energy, commented: “As an energy company who has been a long-time strategic partner for Indonesia and being the most advanced CCUS hub project in the country, we aim to play an active role in supporting Indonesia to achieve its Net Zero target. Together with PLN Nusantara, Jawa 1, GE and CARBONCO, we will pave the way for the decarbonization of Indonesia’s power plants with potential CO₂ injection in Tangguh.”

BP Berau’s Tangguh CCUS project has received approval from the Government of Indonesia to go ahead with a development plan and any ongoing FEED work. Containing 1.8 GtCO₂ in carbon storage capacity, the Tangguh field is a prime location for a CCS hub that may receive injections from domestic and foreign emitters. The initial phase of Tangguh will have bp inject more than 30 million tons of CO₂ into the reservoir to recover gas production through enhanced gas recovery.