Decarbonization of Thermal Power Plants and Carbon Capture and Storage Business: Indonesia Case Study
The workshop will share the findings of a study conducted by the Asia CCUS Network and Sumitomo Corporation.
Carbon capture and storage (CCS) will play a vital role in helping ASEAN cut emissions by about 565 metric tons of carbon dioxide-equivalent (MtCO2e) by 2060. CCS, or carbon capture, utilization, and storage (CCUS), will be crucial in reducing emissions from hard-to-abate industries and power plants. In this regard, it is necessary to assess what will drive the success of CCS deployment in the power sector in Asia.
There are three factors that will determine CCS deployment in Asia: technology development, legal framework, and financing availability. Indonesia is a country where thermal power plants will continue to play an important role in the energy system in the future. As such, the use of CCS will be vital.
The workshop will share findings from a study conducted by the Asia CCUS Network and Sumitomo Corporation on the decarbonization of Indonesia’s power sector using CCS. The case study estimates the cost of deploying CCS in the Tanjung Jati B coal-fired power plant in Central Java and using the Corridor gas field in South Sumatra as the CO2 storage site. The study aims to estimate the cost of the entire CCS system, including CO2 transport, and the impact of the CCS system on electricity prices. The study considered recent developments in CCS technology, regulatory frameworks, and the economics of the projects.
The workshop is co-hosted by the ASIA CCUS Network and the Economic Research Institute for ASEAN and East Asia (ERIA). The network is an initiative established by Japan and ERIA to share insights on CCUS technologies.
Speakers
- Shigeru Kimura, Senior Research Fellow, ERIA
- Soichiro Kunihiro, Manager, Sumitomo Corporation
- Han Phoumin, Senior Energy Economist, ERIA
- Moderator: Gusti Sidemen, CCUS Fellow, ERIA
