Indonesia's Pertamina to invest $6.2bn in clean energy business

State oil firm will also boost carbon trading and bioethanol in five-year plan

20240621 pertamina

Indonesian energy giant Pertamina says its growth strategy is to strengthen the existing oil and gas business and to develop its low-carbon business as a future growth driver. © Reuters

ERWIDA MAULIA, Nikkei staff writer

JAKARTA -- Indonesian state oil and gas giant Pertamina is planning to invest a total of $6.2 billion in clean energy and technology businesses ranging from hydrogen to electric vehicle batteries over the next five years, the company said on Friday.

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