Oil major ExxonMobil has signed a memorandum of understanding (MoU) with Indonesian state-owned company Pertamina to assess the potential for large-scale deployment of low-carbon technologies in Indonesia.
ExxonMobil and Pertamina reached an agreement to identify and evaluate potential subsurface CO 2 storage locations and examine the feasibility of transporting CO 2 in Southeast Asia. This collaboration is expected to include research and development studies with universities. The MoU was signed on Tuesday near Glasgow, Scotland, where world leaders have gathered to discuss climate policies during COP 26.