IDX-listed geothermal power developer PT Pertamina Geothermal Energy Tbk (IDX: PGEO) has announced plans to explore opportunities in Japan for marketing green hydrogen produced from geothermal energy.
PGEO's Operations Director, Ahmad Yani, revealed that the company is considering partnerships with Japanese entities, including Tokyo Electric Power Company Holdings, Incorporated (TEPCO HD) and Japan’s national research and development agency (NEDO), for green hydrogen sales.
“We are open to exploring all possibilities for offtakers. While the domestic market is still relatively quiet, we are looking at foreign markets. We already have partnerships with TEPCO and NEDO, with the potential to export green hydrogen abroad,” he explained during CNBC Indonesia's Energy Corner program on Tuesday, January 14, 2025.
PGEO has already formed a partnership with Japan for green hydrogen development in North Sulawesi. Yani mentioned that the hydrogen could be combined with ammonia to simplify transportation.
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“In North Sulawesi, we’ve collaborated with TEPCO and NEDO Japan. There is potential for hydrogen exports abroad. Hydrogen can also be combined into ammonia, making transportation more efficient,” he said.
Currently, PGEO has initiated a pilot project to produce hydrogen from geothermal energy, targeting a production scale of up to 100 kilograms per day in the Ulubelu Geothermal Working Area (WKP).
Yani is optimistic about the growth of the global hydrogen market, projecting significant demand increases by 2030. He emphasized that geothermal-based hydrogen development represents a promising opportunity.
“We’ve seen numerous reports and announcements about the growing global demand for hydrogen, which is expected to rise significantly by 2030. At Pertamina, we’re not sitting idle; we’re actively working on this,” he added.
PGEO’s geothermal-derived hydrogen can also support domestic needs, such as for Gas Fuel Filling Stations (SPBG) and refineries.
“The hydrogen we produce will be used to meet SPBG needs in collaboration with PNRE or possibly for the Plaju refinery, which requires hydrogen. This pilot project is exciting because, in addition to showcasing geothermal potential, we’re conducting research to optimize hydrolysis technology,” Yani concluded.
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Editing by Reiner Simanjuntak
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