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BP unveils up to $3bn CCUS project in Indonesia, country's first

Carbon capture, utilization and storage aids in achieving zero carbon emissions

BP says Indonesia's first carbon capture, utilization and storage project is targeted for completion in 2026 or 2027.   © Reuters

JAKARTA -- Oil and gas giant BP has announced a plan for Indonesia's first carbon capture, utilization and storage (CCUS) project, with an estimated cost of between $2 billion and $3 billion.

It is part of larger development plans for the Tangguh gas block in eastern Indonesia operated by BP and partners including Japan's Mitsubishi and Inpex, as well as China's CNOOC. BP Indonesia President Nader Zaki and the chair of Indonesia's upstream regulator SKK Migas Dwi Soetjipto signed a memorandum of understanding on the Vorwata CCUS project on Monday.

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