Pertamina NRE Achieves Strong Demand for New Carbon Credits

Record Carbon Credit Sale from Biogas Facility

Pertamina New & Renewable Energy (Pertamina NRE) has successfully issued and sold a significant portion of new carbon credits generated from its biogas power plant located in the Sei Mangkei Special Economic Zone. The total volume of 35,475 tons CO2e carbon credits was issued, of which 90.4% or 32,060 tons CO2e were sold to various Indonesian companies across multiple sectors including banking, trading, and extractive industries.

Environmental Impact Highlights

The carbon credits represent a significant environmental achievement, equivalent to reducing emissions from more than 8,000 gasoline-powered cars or planting 570,000 trees annually. This substantial environmental impact underscores the importance of such renewable energy projects in Indonesia's transition to a lower-carbon economy.

Market Demand and Future Outlook

CEO John Anis of Pertamina NRE expressed surprise at the rapid absorption of the carbon credits into the market, stating, "We didn't expect the newly issued carbon credits to be absorbed so quickly by the market. This shows that the demand for carbon credits in Indonesia is very high." Anis further emphasized that the company is optimistic about the development of the national carbon trading market, particularly as regulations continue to mature.

Industry Implications

The strong demand for these carbon credits reflects growing corporate interest in Indonesia's carbon trading market. As regulatory frameworks develop and mature, companies are increasingly looking to participate in carbon offsetting initiatives. This trend is expected to drive further growth in Indonesia's carbon market, positioning it as a key component of the country's climate change mitigation strategy.