Indonesia plans to attract $25.2 billion in private investment for green hydrogen development by 2060, according to the Ministry of Industry. This effort aims to prevent an energy crisis in the industrial sector and support carbon dioxide reduction, with a goal of cutting CO2 emissions by 912 million tons by 2030, as reported by Xinhua news agency.
Dendy Apriandi, Director of Investment Deregulation at the Ministry of Industry, stated on Thursday that while production costs for green hydrogen are still relatively high, the business prospects are more promising compared to conventional hydrogen. Pertamina, the state-owned oil and gas company, is a significant player in this sector, having allocated $11 billion towards its green energy development goals.
Green hydrogen is a clean, emission-free fuel produced through the electrolysis of water, splitting it into hydrogen and oxygen using electricity from renewable sources such as solar, wind, or hydropower. This method is regarded as the most sustainable and cleanest way to produce hydrogen. Green hydrogen has the potential to replace fossil fuels, reduce carbon emissions, and is expected to be primarily used in heavy industry, long-haul transport, and long-term energy storage.
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