Pertamina - Eni Explore Opportunity to Develop Green Refinery in Indonesia

Venice, September 21, 2018 – Indonesian energy company, PT Pertamina (Persero) and Eni signed a memorandum of understanding on a project cooperation on a oil and gas downstream business, that includes potential development of Green Refinery and potential business trading opportunities, in oil and gas, and other products.

The signing carried out today in Porto Marghera, Venice (21/9) by Nicke Widyawati as the President Director of Pertamina, and Giuseppe Ricci as the Chief Refining and Marketing Officer of Eni, witnessed by the Minister of State-Owned Enterprise of Indonesia, Rini M Soemarno. 

Nicke Widyawati, President Director of Pertamina, explained that this cooperation is part of Pertamina’s commitment in fulfilling green-fuel and optimizing the country’s resources to secure national energy resilience and sovereignty.  

Known as the world’s first example of conversion of a conventional refinery into a biorefinery, Eni unrivalled experience in converting & operating first-class bio-refinery assets in Porto Marghera, Venice, in 2014. 

“Pertamina and Eni will explore the similar transformation in the company’s refineries, such as in Dumai and Plaju. Besides Eni, we will also synergize with Indonesian government-owned palm oil plantation company, PT Perkebunan Nusantara (PTPN),” said Nicke.   

The collaboration in green refinery is relevant with Pertamina’s commitment to supply biodiesel (B20), as mandated by the Indonesian government. “Moreover, Pertamina and PTPN have potential cooperation in palm oil supply, to create affordability of price for the society,” she added.   

Eni has been present in Indonesia since 2001, conducting operations of exploration and production. Today production derives from Muara Bakau block (Eni’s interest 55%) where Jangkrik field started-up in 2017.