Germany’s Augustus Global Investment has plans to invest $500 million in Indonesia’s Aceh province to build a green hydrogen plant next year. This was disclosed by its CEO Fadi Krikor recently during a press conference in Jakarta.
Dwelling on the project, he said, the planned facility would have an annual output capacity of 35,000 metric tons green hydrogen, hydrogen produced using renewable energy.
The firm signed an initial deal with Indonesian state-owned fertiliser company PT Pupuk Indonesia and PT Pupuk Iskandar Muda and state utility company PT Perusahaan Listrik Negara for power supply and contruction site for the planned investment, he said.
“We expect construction to start next year in 2024, we expect to start production by 2026,” Krikor said, and further sadi that the hydrogen produced from the project could be exported to Germany, Japan, and other Southeast Asian countries.
Pupuk Iskandar Muda CEO Budi Santoso Syarif revealed that the plant would be built at an industrial area belonging to his company.
It may be noted that , last year during his visit to Indonesia, State Secretary and Germany’s Foreign Affairs special envoy for international climate action Jennifer Morgan had expressed confidence about Germany and Indonesia’s partnership towards managing the global transition towards clean renewable energy. She noted, “Germany ready to strengthen collaboration with Indonesia to accelerate action toward sustainable energy, either by expanding cooperation in the fields of climate, energy, and the environment or by sharing Germany’s own experiences with energy transitions and the phase-out of coal-fired power plants.”