Tag: ESG

The 15th Annual Global CSR & ESG Awards Honours 2023 Winners

DA NANG, VIETNAM, Aug 30, 2023 – (ACN Newswire) – The 15th Annual Global CSR & ESG Summit & Awards ended on a high note before a full house in Da Nang, Vietnam, on August 28. Organized at the Novotel Danang Premier Han River, this years conference was held under the theme "Driving Transformational Change Beyond Greenwashing", and focused on inspiring participants to discuss and discover transformational ESG & CSR strategies, beyond conventional thinking. The conference also addressed the challenges and need for climate-friendly solutions and technologies, including electric vehicles, high tech farming, sustainable supply chains, and nature-based solutions.


Among the notable speakers, Prof. Dr. Richard Hames, Founder & Executive Director, Centre for the Future and Fellow of the World Academy of Art & Science, gave a powerful speech on "Beyond ESG: From The Impossible To The Inevitable", encouraging the move from the degenerative practices of the industrial era, through the many delusions of sustainability and lies about 'green growth', to regenerative systems globally.

In view of 20 Years of Building, Implementing and Supporting ESG in Vietnam, Ms. Kim Francois, Executive Director of BeLuxCham Vietnam presented "Localising and Creating Positive Impact for Foreign Businesses in Vietnam – Successful ESG stories of BeluxCham Blending Eastern and Western Cultures." She shared how BeLuxCham provides an eco-system that shares expertise in ESG and provides a platform to which companies can learn from each other and be part of each other's circular system. She believed that more work is needed to ensure that SMEs are learning and implementing ESG, to contribute together to the goals set by Vietnam, but mainly to be sure we are living in a healthy environment and protecting our people.

Prof. Dr. Martin Blake, the Conference Chairman announced that the Organisers are planning to hold The 16th Annual Global CSR & ESG Summit & Awards in Ho Chi Minh, Vietnam. The summit ended with the The Global CSR & ESG Awards, graced by Guest of Honour, Mr Nguyen Anh Phong, Deputy-Director-General of Institute of Policy and Strategy for Agriculture and Rural Development (IPSARD), and Ms. Kim Francois, Executive Director of BeLuxCham Vietnam. The evening award ceremony was marked with a stunning audio and light display show.

The Award Categories for 2023:

– Best Environmental Excellence Award
– Best Community Programme Award
– Excellence In Provision Of Literacy & Education Award
– Empowerment Of Women Award
– Best Workplace Practises Award
– CSR & ESG Leadership Award
– Product Excellence Award
– Best Chief Executive Officer (CEO)
– Best Corporate Comms & Investors Relations Team

And Award Categories 2023 recognizing companies at the forefront of their countries:

– Best In Singapore
– Best In Thailand
– Best In Indonesia
– Best In Cambodia
– Best In Viet Nam
– Best In Philippines

THE WINNERS

Best Environmental Excellence Award

o Above USD 1 Billion Market Cap
— Bronze: SM Investments Crk Softex Indonesia, PT Astra International TBK
— Gold: PT Adaro Indonorporation
— Silver: Kimberly-Claesia, PT Chandra Asri Petrochemical TBK, Central Department Store Limited (Head Office)
— Platinum: PT Pertamina Hulu Mahakam
o USD 500 Million To USD 1 Billion Market Capitalization
— Platinum: Manila Water
o Less Than USD 500 Million Market Capitalization
— Bronze: PT Diageo Indonesia
— Silver: Schneider Electric Indonesia
— Gold: GeoComply Viet Nam
— Platinum: PT Kilang Pertamina International

Best Community Programme Award

o Above USD 1 Billion Market Cap
— Bronze: BHG Retail Trust Management Pte Ltd
— Silver: PT Asmin Bara Bronang
— Gold: PT Pertamina Patra Niaga Regional Jawzation
— Bronze: PT Tower Bersama Infrastructure TBK, FPT Corporation,
— PT Pertamina – Patra Niaga Fuel Terminal Rewulu
— Silver: Kuala Lumpur Kepong Berhad, Badak LNG, RHB Bank Berhad
— PT Pertamina Patra Niaga Fuel Terminal Boyolali
— Gold: Sarawak Energy Berhad, Indosat Ooredoo Hutchinson PTTEP Indonesia,
— PT Chandra Asri Petrochemical Tbk,
— Platinum: PT Pertamina Hulu Mahakam
o USD 500 Million To USD 1 Billion Market Cap
— Bronze: Bagian Tengah DPPU Ahmad Yani
— Platinum: PT Meares Soputan Mining
o Less Than USD 500 Million Market Capitalization
— Bronze: Price Waterhouse Coopers, IDP Education (Cambodia) Limited
— Silver: Diageo Viet Nam, Prince Holding Group
— Gold: PT Diageo Indonesia, GeoComply Viet Nam,
— PT Pertamina Patra Niaga Integrated Terminal Semarang
— Platinum: PT Kilang Pertamina International

Excellence In Provision Of Literacy & Education Award

o Above USD 1 Billion Market Cap
— Bronze: Adaro Energy Indonesia
— Silver: Kuala Lumpur Kepong Berhad
— Gold: PT Samsung Electronics Indonesia
— Platinum: Tata Consultancy Services Limited
o USD 500 Million To USD 1 Billion Market Capitalization
— Silver: Samsung Electronics Viet Nam Co. Ltd
— Gold: PT Asmin Bara Bronang
— Platinum: Manila Water
o Less Than USD 500 Million Market Capitalization
— Gold: MegaWorld Foundation
— Platinum: IDP Education (Cambodia) Limited

Empowerment Of Women Award

o Above USD 1 Billion Market Cap
— Platinum: PT Pertamina Geothermal Energy Tbk Ulubelu
o Less Than USD 500 Million Market Capitalization
— Gold: GeoComply Viet Nam
— Platinum: Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS)

Best Workplace Practises Award

o Above USD 1 Billion Market Cap
— Platinum: PT Tower Bersama Infrastructure TBK
o USD 500 Million To USD 1 Billion Market Capitalization
— Platinum: Manila Water
o Less Than USD 500 Million Market Capitalization
— Gold: GeoComply Viet Nam
— Platinum: Diageo Indonesia

CSR & ESG Leadership Award

o Above USD 1 Billion Market Cap
— Bronze: PT Tower Bersama Infrastructure TBK
— Silver: Tata Consultancy Services Limited, Bridgestone Asia Pacific Pte Ltd
— Gold: PT Chandra Asri Petrochemical Tbk, Aditya Birla Fashion and Retail Limited, ACEN Corporation
— Platinum: KLCC Property Holdings Berhad
o USD 500 Million To USD 1 Billion Market Capitalization
— Bronze: BHG Retail Trust Management Pte Ltd
— Silver: Home Credit Vietnam Finance Company Limited
— Gold: Samsung Electronics Vietnam Co. Ltd
— Platinum: PT Asmin Bara Bronang
o Less Than USD 500 Million Market Capitalization
— Bronze: Diageo Indonesia
— Silver: Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS)
— Gold: GeoComply Viet Nam
— Platinum: DEEP C Industrial Zones

Product Excellence Award

o Above USD 1 Billion Market Cap
— Bridgestone Asia Pacific Pte Ltd

Best CEO Award

o Above USD 1 Billion Market Cap
— Gold: Indosat Ooredoo Hutchinson
— Platinum: PT Chandra Asri Petrochemical Tbk

Best Corporate Comms & Investor Relations Team Award

o USD 500 Million To USD 1 Billion Market Cap
— Platinum: BHG Retail Trust Management Pte Ltd
o Less Than USD 500 Million Market Cap
— Platinum: Viettel Construction Joint Stock Corporation

Best Country Award – Best In Indonesia

o Above USD 1 Billion Market Cap
— Gold: PT Pertamina Hulu Energi Offshore North West Java
— Platinum: PT Astra International TB
o Less Than USD 500 Million Market Cap
— Silver: PT Kilang Pertamina International
— Gold: Diageo Indonesia
— Platinum: Schneider Electric Indonesia

Best Country Excellence – Best In Cambodia

o Above USD 1 Billion Market Cap
— Platinum: NagaWorld Limited
o Less Than USD 500 Million Market Cap
— Platinum: Prince Holding Group

Best Country Excellence – Best In Thailand

o Above USD 1 Billion Market Cap
— Platinum: Krungthai-AXA Life Insurance Public Company Limited

Best Country Excellence – Best In Philippines

o Above USD 1 Billion Market Cap
— Platinum: ACEN Corporation

Best Country Excellence – Best In Singapore

o Above USD 1 Billion Market Cap
— Platinum: Tata Consultancy Services Limited

Best Country Excellence – Best In Vietnam

o Above USD 1 Billion Market Cap
— Platinum: FPT Corporation
o USD 500 Million to USD 1 Billion Market Cap
— Platinum: Samsung Electronics Viet Nam Co. Ltd,
o Less than USD 500 Million Market Cap
— Platinum: Diageo Viet Nam

For media enquiries please contact:
Cyan Lee, Pinnacle Group
E: marketing@pinnaclegroup.global
T: +65 8222 2344

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

B20 India follow-on: Pertamina to develop Bioenergy-Based Fuels, toward Energy Independence

NEW DELHI, Aug 29, 2023 – (ACN Newswire) – Pertamina will continue to develop bioenergy-based fuels, using natural resources such as sugarcane, corn, cassava, and sorghum. "Our energy will eventually be bioenergy-based, as Indonesia has abundant resources," said Nicke Widyawati, President Director of Indonesia's Pertamina.


Prime Minister Modi addressing the B20 Summit India 2023 on Aug 27. Since taking the B20 mantle from Indonesia in December, 2022, India has worked with business leaders from all G20+ countries through seven task forces and two action councils.

Nicke Widyawati, President Director of PT Pertamina, as Co-Chair for the B20 Task Force on Energy, Climate Change and Resource Efficiency, ensures regional continuity and follow-on from the B20 Indonesia 2022 to B20 India 2023.


"I met with several Indian bioethanol tech representatives in New Dehli as our byproducts can be processed in Indian companies, to follow-up and align our efforts."

According to Nicke, the bioenergy development offers many benefits in accelerating the energy transition. "For Pertamina, bioenergy is not only about reducing emissions but also decreasing import dependency and creating job opportunities. When we promote plantations, we increase work for a significant amount of the workforce."

Pertamina sees that to enhance energy independence, it must optimize Indonesia's natural resources. "It's truly sustainable when we have resources," she explained.

Nicke, as Co-Chair for the B20 Task Force on Energy, Climate Change and Resource Efficiency ensures continuity in agendas for B20 Bali and B20 India. Firstly, new & renewable energy. Secondly, a fair and affordable transition. Thirdly, developing countries with large populations such as India and Indonesia, must provide equal access to clean and affordable energy.

"We cannot do it alone; no country can do it alone. Hence, global cooperation is vital. Pertamina itself has initiated several endeavors in the context of global cooperation for energy transition," Nicke affirmed.

Vice President of Corporate Communication at Pertamina, Fadjar Djoko Santoso, stated that Pertamina is increasingly dedicated to developing energy transition initiatives following global trends.

"Pertamina is pursuing energy transition to achieve national energy resilience, accessibility, affordability, acceptability, and sustainability. In the short term, energy transition will not disrupt energy resilience; on the other hand, it can achieve carbon emission reduction targets," said Fadjar.

Pertamina, as a leading company in the energy transition, is committed to supporting the Net Zero Emission 2060 target by continuously promoting programs that directly impact the Sustainable Development Goals (SDGs) achievement. All these efforts align with Environmental, Social & Governance (ESG) implementation across all Pertamina's business lines and operations.

Media Contact:
Fadjar Djoko Santoso
Vice President Corporate Communication
PT Pertamina (Persero)
M: +62 813-2063-0765
E: fadjar.santoso@pertamina.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Baguio Green’s Adjusted Net Profit* in 1H2023 increased by 3.5 times

HONG KONG, Aug 29, 2023 – (ACN Newswire) – Baguio Green Group Limited ("Baguio" or the "Group", Stock Code: 01397.HK) is pleased to announce its unaudited interim results for the six months ended 30 June 2023 (the "Period"). During the Period, revenue was approximately HK$1.11 billion, representing an increase of approximately 55.0% as compared with the same period last year, mainly due to the increase in the Group's cleaning, waste management and recycling businesses during the Period. Profit for the Period was approximately HK$21.7 million, representing an increase of approximately 27.0% as compared with the same period last year. Adjusted net profit* was HK$21.3 million, representing an increase of approximately 352.0%, as compared with the same period last year. Gross profit margin was 7.8%.

Business Overview and Prospects

In the first half of 2023, new contracts awarded to the Group amounted to a total of HK$2.04 billion. As a result, the Group recorded a historical high for its contracts on hand of approximately HK$4.56 billion (as of 30 June 2023), representing an increase of approximately 27.0% from approximately HK$3.59 billion as of 31 December 2022, providing strong revenue growth in the second half of 2023 and the subsequent years.

The Group's core business, cleasing services, recorded significant growth in the first half of 2023. Revenue from cleaning services increased by 72.8% to approximately HK$861.5 million, accounting for 77.8% of the Group's total revenue during the Period. During the Period, the Group secured a number of new contracts with a total amount of approximately HK$1,780 million.

The Group's street cleaning services cover a total of eight districts in Hong Kong (Tsuen Wan, Mong Kok, Sha Tin, Yuen Long, Western, Eastern, Sham Shui Po and Tai Po districts), serving a population of approximately 3 million, marking Baguio's leading position in the Hong Kong cleaning services market. The Group's cleaning business cover a wide range of different places, such as airports, sports venues, hospitals, parks, markets, schools, housing estates, and private institutions, demonstrating the Group's strong execution capabilities.

In terms of waste management and recycling business, the Group provided waste collection services to five districts during the Period, including Tsuen Wan, Wong Tai Sin, Mong Kok, Wan Chai and Eastern districts, serving a population of approximately 1.6 million. The Group is contracted by the Environmental Protection Department ("EPD") to handle around 5,000 recycling spots (including plastic, glass bottles, metals and waste paper) across Hong Kong. During the Period, Baguio continued to provide plastic collection services for three districts (Eastern, Kwun Tong and Central & Western) under the EPD Plastic Recycling Pilot Scheme contract. Baguio also provides plastic collection services for Recycling Stations of "GREEN@COMMUNITY" and Reverse Vending Machines, which were introduced by EPD and other institutions in Hong Kong. In addition, the Group also provides collection and management services of glass bottles for Hong Kong Island, the New Territories and Islands District.

During the Period, the Group made impressive progress in providing the Government with Smart Recycling Machines ("SRMs") and a Big Data Analytics Platform. SRMs are now available in different places of Hong Kong, providing the public with a convenient recycling experience 24 hours a day and helping to increase the overall recycling volume in Hong Kong. The Government is proactively considering to increase the number of SRMs to meet the huge demand for recycling arising from the launch of the "Municipal Solid Waste (MSW) Charging Scheme" in April next year.

During the Period, the Group was awarded a contract by the Food and Environmental Hygiene Department of the Government for the provision of people counting services servicing at over 800 public toilets, aqua privies and bathhouses through the system powered by Time-of-flight and Internet of Things technologies to assist the Government in monitoring flow and optimising service standard.

Last year, the Group was awarded EPD's first contract for using bioconversion technology (Black Soldier Flies) to help solve Hong Kong's chicken manure problem. The project has commenced production. The Group is actively exploring the application of bioconversion technology to food waste, so as to capture enormous business opportunities.

With regard to recyclable food waste collection services, the Group provides recyclable food waste collection services in Kowloon District and New Territories West. Among the total four EPD's similar contracts granted by EPD, the Group has secured half of them, highlighting Baguio's position as Hong Kong's market leader in food waste collection.

For the landscaping services, the Group was awarded a professional tree transplanting contract for the Urban Council Centenary Garden during the Period. In addition, the Group also provides landscaping services to the Hong Kong University of Science and Technology, the Hong Kong Science Park, the Government and a wide range of private clients including shopping malls, hotels and large private residences. For pest management business, during the Period, the Group won pest management service contracts for a number of tertiary institutions, including the University of Hong Kong, the Hong Kong University of Science and Technology and Lingnan University.

Meanwhile, since the launch of ESG+ last year, Baguio has helped clients of different listed companies to promote the "Environmental, Social and Governance" policies, enabling customers to use the Group's sustainable environmental services while supporting green procurement to achieve a circular economy.

Mr. Ng Wing Hong, Chairman of Baguio, commented, "Among the contracts on hand, approximately HK$1.15 billion is expected to be recognised as revenue in the second half of 2023. Adding this figure to the revenue for the first half of 2023 (approximately HK$1.11 billion), we can see strong revenue growth compared to the revenue for last year (2022 revenue: approximately HK$1.79 billion).

Looking forward, with the implementation of the MSW Charging Scheme and the "Producer Responsibility Scheme on Plastic Beverage Containers", it is expected that the recycling market will grow by 2 to 3 times in 3 years. This will directly drive the growth of Baguio's recycling business. The Group expects that the recycling business will become one of its growth drivers. After strategic deployment in recent years, the green technology business achieved remarkable results during the Period. Baguio continued to offer smart city, Internet of Things, big data, AI and biotechnology solutions, and expects its green technology business to become one of the future growth engines. The Government has actively promoted the construction of the Northern Metropolis and Lantau Tomorrow in recent years, which is expected to bring business opportunities to the Group. In the future, the Group will continue to adopt a number of innovative and digitized technologies to enhance and optimize its existing services, increase productivity and further expanding the market share of the Group's businesses, while actively exploring suitable mergers and acquisitions, joint ventures or new business projects in Hong Kong and beyond to accelerate the growth and deliver substantial and long-term returns to shareholders."

For details of the Group's 2023 interim results announcement, please visit the following website:
http://www.baguio.com.hk/en-US/Investor%20Relations/Announcements%20and%20Notices

* Net profit excluding government grants and subsidies

About Baguio Green Group
Established in 1980, Baguio Green Group (Stock code: 01397.HK) is one of Hong Kong's largest integrated environmental services groups. It provides a full spectrum of professional services including professional cleaning, waste collection & recycling, waste management, green technology, organic fertilizer and animal feed production, horticulture & landscaping, and pest control. It serves a wide range of customers in various sectors including Government departments, statutory organizations and multinational corporations. Fully committed to ESG, the Group works relentlessly to advance sustainable development and create a cleaner, greener, healthier city.


Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

B20 India Summit: MSMEs Need Access to Funding and Technology to Accelerate Energy Transition

New Delhi, India, Aug 25, 2023 – (ACN Newswire) – The energy transition in Indonesia must involve MSMEs, which play a significant role in Indonesia's economic growth. Thus, access to funding and technology is necessary for MSMEs to fully perform their roles as providers of community needs and job opportunities, enabling rural communities to increase their income.
Oki Muraza, Senior Vice President, Research & Technology Innovation at PT Pertamina (L), during the Sustainability Summit B20 held in New Delhi, India (8/24). (Image: Pertamina)


In his presentation at the BNEF forum in New Delhi on August 24, 2023, Oki Muraza, Senior Vice President of Research & Technology Innovation of Pertamina, emphasized MSME involvement's importance in Indonesia's energy transition. He stated that community participation is vital in supplying the raw materials for low-carbon energy development. This process also creates job opportunities for the public while corporations benefit from carbon credits.

"The challenge lies in providing capital or funding and technology access to MSMEs, allowing them to effectively contribute to the energy transition and benefit both the community and corporations," said Oki.

As a developing country rich in natural resources, Indonesia encourages developed nations to provide funding to developing countries, enabling them to develop technology and its implementation with the assistance of countries that possess resources.

"Currently, there is a global economic gap between highly developed and developing nations. Highly developed countries have a GDP per capita of over USD 50,000, while developing countries like Indonesia have a GDP per capita of under USD 5,000. We hope this Capital Flow serves as a form of CBDR (Common but Differentiated Responsibilities)," added Oki.

Oki explained that by involving MSMEs in this energy transition, Indonesia aims to combine international aid, creating job opportunities for the public and benefiting companies in expediting the energy transition.

"We hope that the energy transition in Indonesia can serve as a role model for involving communities, generating employment opportunities, increasing rural incomes, and achieving a Nature-Based Solutions-guided energy transition," Oki stated.

Vice President of Corporate Communication of Pertamina, Fadjar Djoko Santoso, highlighted that MSMEs are the backbone of the national economy and a significant source of employment, underscoring their vital role in accelerating the energy transition.

"Pertamina has initiated the Desa Energi Berdikari program in 52 regions to provide access to renewable energy for MSMEs and communities, enabling them to become energy-independent," stated Fadjar.

Pertamina, as a leading company in the energy transition, is committed to supporting the Net Zero Emission 2060 target by continuously promoting programs that directly impact the Sustainable Development Goals (SDGs) achievement. All these efforts align with Environmental, Social & Governance (ESG) implementation across all Pertamina's business lines and operations.

Media Contact
Fadjar Djoko Santoso
Vice President of Corporate Communication
PT Pertamina (Persero)
M.: +62 813-2063-0765
E.: fadjar.santoso@pertamina.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Environmentally Friendly Clean Energy for a Prosperous Future

SYDNEY, AU, Aug 25, 2023 – (ACN Newswire) – Our lives are strongly connected to electric power. There are various ways to generate electricity, which can be broadly classified into two categories: fossil fuel-based energy and clean energy that utilizes nature. Among clean energy sources, solar power is the cleanest energy source on the planet today. Today, when it is difficult to live without electricity, solar power generation, which does not emit greenhouse gases, is attracting a great deal of attention.


Energy commonly used in our daily life

The electricity most commonly used today is generated by so-called "fossil fuels. As industry has evolved, the consumption of fuels has increased, bringing into sharp relief the problems of depletion of limited fossil fuels and environmental destruction.

When fossil fuels are used, "greenhouse gases" are emitted. This is the primary cause of "global warming," which we often hear about. There are concerns that global warming will cause the temperature of the entire planet to rise, resulting in abnormal weather, rising sea levels, and impacts on ecosystems and other factors.

This is why "clean energy" is attracting attention. Clean energy refers to energy that does not emit (or has reduced emissions of) greenhouse gases. The time has already come when we must generate power without relying on fossil fuels.

What can we do to reduce our dependence on fossil fuels?

The most efficient way to reduce dependence on fossil fuels is to use the clean energy of sunlight. However, solar power can only be generated while the sun is shining. Therefore, a power source that can store energy is needed. With solar panels and energy storage power sources, we can make clean energy more accessible and achieve our goals of saving energy and reducing greenhouse gas emissions at the same time. The power source using safe and secure lithium-ion iron phosphate batteries and solar panels with high power generation efficiency will make the future we imagine brighter. We must start now to do what we can do for the future and for the earth.

BLUETTI, a leading provider of this power source, makes it easy to use clean solar energy. It offers powerful off-grid energy solutions for everyone, no matter how far away from the grid they live. Tom Phease, who lives on a remote farm in southern Australia, uses the BLUETTI AC300+B300 system to store solar energy for his off-grid living. He sees this modular power station as a handy weapon to power his home and fieldwork, and in the future plans to support his chicken house with solar power. "BLUETTI is portable it's modular it's pretty reliable and it's there for need and it's going to be a big help as far as looking after the farm." Tom said in a video and expressed his preference for BLUETTI products. He even gifted a small BLUETTI generator to his friend Sarah to help her reduce electricity bills.

By using the clean energy of solar power, we can protect the blue planet we live on. We need to reduce greenhouse gas emissions by using clean energy in our daily lives so that our future children can live on a beautiful planet.

In addition to the AC300 system, BLUETTI also provides a range of portable and home power solutions to harness the power of the sun. The AC200P and AC200MAX+B230, for example, are popular models that help homeowners and outdoor enthusiasts alike make more use of renewable energy in their daily lives. Dedicated to delivering reliable and eco-friendly power solutions for all, BLUETTI will continue to live up to the principles it stands for and strive for a brighter future.

About BLUETTI

BLUETTI has been committed to promoting sustainability and green energy solutions since its inception. By offering eco-friendly energy storage solutions for both indoor and outdoor use, BLUETTI aims to provide exceptional experiences for our homes while also contributing to a Sustainable future for our planet. This commitment to sustainable energy has helped BLUETTI expand its reach to over 100 countries and gain the trust of millions of customers worldwide.

Contact: Amanda Yan
email: pr@bluetti.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Pertamina’s Steps in Facing Global Energy Challenges

New Delhi, India, Aug 24, 2023 – (ACN Newswire) – After the severe impact of the Covid-19 pandemic, the world is once again confronted with geopolitical tensions in Eastern Europe, giving rise to new challenges such as price volatility, supply scarcity, security issues, and economic uncertainties that contribute to the global energy crisis.
Oki Muraza, Senior Vice President, Research & Technology Innovation at PT Pertamina (2-L), during the Sustainability Summit B20 held in New Delhi, India (8/22). (Image: Pertamina)

Oki Muraza, PT Pertamina, explained that political tensions in Europe have led to dangerous increases in energy prices, posing a threat to energy security and resilience in countries like Indonesia.


Oki Muraza, Senior Vice President, Research & Technology Innovation at PT Pertamina (Persero), explained that the political tensions in Europe have led to dangerous increases in energy prices, posing a threat to energy security and resilience in Indonesia.

"So, we must strive to enhance our energy resilience while working to achieve sustainability goals. How can we reduce emissions and increase the volume of green energy businesses, environmentally friendly electricity, and more," said Oki Muraza during the Sustainability Summit B20 held in New Delhi, India (8/22).

According to Oki, before the geopolitical crisis, Europe was one of the leaders in transitioning toward sustainability. However, with the decline in energy security, where Europe is once again importing energy sources like coal, there's a shift in the energy mix that affects the world.

To anticipate this, developing countries like Indonesia and India with lower incomes should collaborate with advanced nations, primarily in capital or financing.

"Collaboration is crucial to address this issue. We have some examples, such as partnering with Japan for CO2 Injection in the Jatibarang field and later in the Sukowati field. Pertamina will continue to expand collaborations, involving substantial international funding, to support the energy transition in Indonesia," he added.

Furthermore, Oki emphasized that technology development is key in the energy transition, as it improves economic viability. Within the Pertamina Group, there are eight initiatives divided into three blocks.

Firstly, Pertamina's efforts to generate green energy, sourced from geothermal power, reached 672 Megawatts under its management and 1.2 GW in partnership. Besides producing environmentally friendly electricity, Pertamina in the geothermal fields is also developing Green Hydrogen, which holds great potential for export markets.

Secondly, Variable Renewable Energy, such as solar PV, changes over time. These variable RE sources should be integrated with the Grid and Energy storage, commonly known as batteries.

The third block involves harnessing the abundant energy resources in Indonesia, such as rainfall, solar radiation, and biomass. These resources are processed simultaneously. Some could become vegetable oil, green diesel, or bioethanol mixed with gasoline.

"How can we refine them into lower-emission fuels, utilizing the current infrastructure with lower emissions," Oki explained.

In line with this, Valentin de Miguel, Senior Managing Director of Growth & Strategy Lead Growth Market, explained to address global energy challenges, developing countries must earnestly focus on implementation and execution.

"Therefore, it's imperative to drive innovation, research, and analysis of alternative fuel technology reliability, like hydrogen, ammonia, and especially carbon capture. These three major technologies are essential for progress," Miguel stated.

Pertamina, as a leading company in the energy transition, is committed to supporting the Net Zero Emission 2060 target by continuously promoting programs that directly impact the Sustainable Development Goals (SDGs) achievement. All these efforts align with Environmental, Social & Governance (ESG) implementation across all Pertamina's business lines and operations. www.pertamina.com.

Media Contact
Fadjar Djoko Santoso
Vice President of Corporate Communication
PT Pertamina (Persero)
M. : +62 813-2063-0765
E. : fadjar.santoso@pertamina.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Pertamina’s Innovations Support Energy Transition in Indonesia

New Delhi, India, Aug 23, 2023 – (ACN Newswire) – As a state-owned energy company, PT Pertamina (Persero) continues to develop technological innovations for operational decarbonization to support Indonesia's energy transition. This commitment was emphasized by Oki Muraza, Senior Vice President of Research & Technology Innovation of Pertamina, during his participation in the B20 Sustainability Summit in New Delhi, India, from August 22 to 27, 2023.
Pertamina's Oki Muraza, Senior Vice President of Research & Technology Innovation, during the B20 Sustainability Summit in New Delhi, India, from August 22 to 27, 2023. [Image: Pertamina]

Oki Muraza explained that Pertamina's operational decarbonization is focused on Carbon Capture Utilization and Storage (CCUS/CCS) technology development and Biofuel. [Image: Pertamina]


Oki Muraza explained that Pertamina's operational decarbonization is focused on the Carbon Capture Utilization and Storage (CCUS/CCS) technology development and Biofuel. "Pertamina has the initiative to implement CCS or CCUS through CO2 injection technology, first applied at the Jatibarang Field in West Java. This technology could enhance oil and natural gas production through CO2-EOR while significantly reducing greenhouse gas emissions," stated Oki.

Oki continued that in addition to carbon capture and utilization technology to support the energy transition, Pertamina is also committed to developing Bio Refineries or Green Refineries to produce more environmentally friendly fuels. 'These green refineries process renewable raw materials such as palm oil (RBDPO) and used cooking oil (UCO)," he added.

Currently, according to Oki, Pertamina's operational Bio Refineries include the Cilacap Bio-Refinery and Dumai Bio-Refinery, which produce HVO (Hydrotreated Vegetable Oil), Green Gasoline, and the Plaju Bio-Refinery and Cilacap Bio-Refinery, Green Diesel at the Dumai Bio-Refinery, as well as Green AvturJ2 at the Cilacap Bio-Refinery.

"We also aim to implement bioethanol, using various raw materials, including waste from palm oil such as Oil Palm's Empty Bunches," Oki added.

According to Oki, the Covid-19 pandemic and geopolitical tensions have significantly impact global energy price volatility, supply shortages, security issues, and economic uncertainties, causing a shift in the short-term focus of energy transition towards energy resilience.

"While developed countries focus on sustainability, developing countries prioritize energy security and affordability, as they act as catalysts for economic growth," he conveyed.

Pertamina, as a leading company in the energy transition, is committed to supporting the Net Zero Emission 2060 target by continuously promoting programs that directly impact the Sustainable Development Goals (SDGs) achievement. All these efforts align with Environmental, Social & Governance (ESG) implementation across all Pertamina's business lines and operations.

Media Contact;
Fadjar Djoko Santoso
Vice President of Corporate Communication
PT Pertamina (Persero)
M. : +62 813-2063-0765
E. : fadjar.santoso@pertamina.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Thinking of Buying a Battery to Help Power Your Home? Here’s What You Should Know

SYDNEY, AU, Aug 18, 2023 – (ACN Newswire) – Are you tired of fluctuating energy prices and unexpected power outages? It might be time to consider a home battery system. These energy storage solutions offer a range of benefits that can enhance your energy independence and financial savings. In this article, we'll delve into the essentials of home battery systems, explore why they're worth your consideration, and highlight key factors to keep in mind when making your decision.
Advantages of Home Battery Systems

Factors to Consider When Buying a Home Battery System


Understanding Home Battery Systems

In a nutshell, a home battery system is a clever energy storage solution housed within your abode. It can store energy from the grid or your solar setup, reserving it for later use during peak energy demand time or when the lights unexpectedly go out. The battery systems, such as BLUETTI's AC Series, boast advanced LiFePO4 batteries that last over 3,500 cycles before reaching 80% of their original capacity.

Constant Power Supply

Imagine a scenario where the lights suddenly go out due to a grid failure. In such moments, a home battery system can be your lifeline, powering essential devices like refrigerators, medical equipment, and communication devices seamlessly. Some systems, like the BLUETTI AC300 system, operate as responsive uninterruptible power supplies (UPS), instantly delivering electricity within a few milliseconds of a power outage.

Reduce Energy Bills

Through a process known as peak load shifting, home battery systems charge during off-peak hours when energy rates are lower and discharge when demand-and consequently prices-peak. By tapping into stored energy during peak hours, you can significantly reduce your energy costs. Moreover, if your home is installed with solar panels, a home battery system, such as the BLUETTI AC300+B300 system, can harness free solar energy and store excess power at a maximum rate of 2,400W for later use.

Empowering a Sustainable Tomorrow

Embracing a home battery system isn't just about financial benefits; it's also a step towards a greener future. By pairing a home battery with solar panels, you can capture and store clean and renewable solar energy, reducing your carbon footprint and environmental impact.

Household Energy Needs

Understanding your household's energy usage patterns is the first step in choosing the right home battery system. Start by assessing your daily electricity usage. Consider the appliances and devices you use regularly, such as refrigerators, air conditioners, heaters, and electronics. If you have solar panels installed, factor in the amount of energy they generate during the day. This analysis will help you determine the battery capacity needed to effectively meet your energy needs.

Battery System Capacity

Home battery systems come with varying storage capacities, typically measured in kilowatt-hours (kWh). Choose a system that aligns with your energy needs. For example, if you're expected to have short blackouts, power stations around 2kWh like BLUETTI AC200P and AC200MAX can keep your essentials charged. For higher energy demands or longer outages, you could add additional B230 batteries to complement the AC200MAX, or simply opt for a customizable energy storage, such as the AC300. The modular system allows for a flexible capacity ranging from 3,072Wh to 12,288Wh to get you through multi-day power cuts.

Installation and Maintenance Costs

When considering a home battery system, assess both the upfront installation costs and potential ongoing maintenance expenses. Installation costs can vary based on factors such as the installation process, the size of the battery system, and any additional equipment required. Obtain quotes from reputable installation professionals and budget for any periodic servicing or potential component replacements.

Electricity prices are on the rise. With a reliable BLUETTI home battery system, you can reduce your energy bills and take advantage of free, clean solar energy.

About BLUETTI

BLUETTI has been committed to promoting sustainability and green energy solutions since its inception. By offering eco-friendly energy storage solutions for both indoor and outdoor use, BLUETTI aims to provide exceptional experiences for our homes while also contributing to a sustainable future for our planet. This commitment to sustainable energy has helped BLUETTI expand its reach to over 100 countries and gain the trust of millions of customers worldwide.

Contact:
Amanda Yan
Email: pr@bluetti.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

BayWa r.e. sells Karadoc Solar Farm and enters into Strategic Development Agreement with Atmos Renewables

SYDNEY, AU, Aug 17, 2023 – (ACN Newswire) – Global renewable energy developer, service provider, and solar distributor BayWa r.e. announces the sale of the Karadoc solar farm and the strategic development partnership with Atmos Renewables (Atmos) for a series of wind projects, marking a significant milestone in the company's commitment to renewable energy development in Australia. BayWa r.e. is committed to the redeployment of resources from the sales proceed and further investments in its existing pipeline of 5GW in the Australian renewables market.


The Karadoc solar farm represents BayWa r.e.'s first owned and built solar plant in Australia, and it stands as one of Australia National Electricity Market (NEM)'s largest operating solar projects in terms of capacity. Situated around 25 km south of Mildura, Victoria, Karadoc has a capacity of 112.5 MWp and became operational in 2019. Featuring over 346,000 solar panels, this facility generates sufficient energy to cater to 47,000 households.

The partnership between BayWa r.e. and Atmos, a prominent player in the Australian renewable energy landscape, underscores BayWa r.e.'s dedication to fostering sustainable growth in Australia. It leverages Atmos' local expertise and BayWa r.e.'s global experience, creating a formidable force for developing a series of wind projects across the country.

Daniel Gaefke, Director of Projects APAC, BayWa r.e. AG., said, "At BayWa r.e., we are committed to advancing the global transition towards clean energy. The sale of Karadoc combined with the strategic development partnership with Atmos as well as our growing renewable pipeline are a testament to this commitment. Our strategic partnership for a series of wind development projects with Atmos exemplifies our efforts to synergize local insight and international expertise for the betterment of Australia's renewable energy landscape."

BayWa r.e. sees Australia as an important market and is committed to growing the renewable energy sector in the region. The renewable energy developer continues to contribute to Australia's future of clean energy with a strong pipeline of projects.

The transaction stands as a remarkable achievement in BayWa r.e.'s portfolio, which has completed more than 300 MW of installed capacity in the country and symbolizes the company's progress in the renewable energy domain.

BayWa r.e. AG (BayWa r.e.)

At BayWa r.e. we r.e.think energy – how it is produced, stored and can be best used to enable the global renewable energy transition that is essential to the future of our planet.

We are a leading global developer, service supplier, distributor and solutions provider and have brought over 5.5 GW of energy online and manage over 10 GW of assets. We are also an Independent Power Producer with an expanding energy trading business.

BayWa r.e. works with businesses worldwide to provide tailored renewable solutions. Operating 100% carbon neutral, we are also committed to our own sustainability journey.

Every day, we are working hard to actively shape the future of energy in a diverse, equitable and inclusive workplace.

Our shareholders are BayWa AG, a EUR27.1 billion global business, and Energy Infrastructure Partners, a leader in energy infrastructure investment.

Contact information:

Mark Cooper
Head of Global Communications
Tel: +49 89 383932 3611
E-mail: mark.cooper@baywa-re.com

Salim Pathan
Marketing Manager, APAC
Tel: +66 62 698 7162
E-mail: salim.pathan@baywa-re.com

PRecious Communications for BayWa r.e. APAC
Tel: +65 6303 0567
E-Mail: baywa-re@preciouscomms.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Historic Launch of UISC Initiative to Address Climate Impact on Earth

Washington, D.C., Aug 14, 2023 – (ACN Newswire) – Dr. Egon Cholakian, a distinguished CERN and NASA scientist with an extensive experience in climate research and national security matters, has announced the Unified International Scientific Center (UISC) initiative on his newly-launched platform: Earth Save Science Collaborative (ESSC).
Dr. Egon Cholakian


This groundbreaking initiative led by Dr. Egon Cholakian aims to unite scientists from all around the globe to launch a comprehensive multidisciplinary study of the drastic effect of climate change on our planet, and to devise viable solutions to this global issue.

The creation of such a Unified International Scientific Center presents an unparalleled opportunity for researchers across diverse disciplines to converge, fostering multi-disciplinary research that transcends traditional boundaries. Driven by an innovative approach to physics that extends beyond the confines of quantum mechanics, the center's pioneering work promises to unlock new horizons for scientific exploration.

Central to this groundbreaking approach is a paradigm shift that holds the key to addressing the challenges posed by the rapidly changing climate.

"We will work under conditions of complete confidentiality as the path we embark on goes beyond even quantum physics, it is much more profound," – says Dr. Egon Cholakian.

The UISC extends an open invitation to all interested scientists, inviting them to contribute their expertise to this cutting edge endeavor.

Scientists interested in collaboration can submit their requests on the website:
https://earthsavesciencecollaborative.com

Dr. Cholakian's vision for the Unified International Scientific Center announced in his video brings together a diverse community comprised of experts in various fields, including physics, geophysics, geology, history, archaeology, neurophysiology, political science, religious studies, psychology, psychiatry, and numerous other scientific disciplines. By creating a unified platform for collaboration, Dr. Cholakian seeks to harness the collective power of these diverse minds for a singular purpose.

Highlighting the urgency of the global challenge, Dr. Egon Cholakian asserts, "The correct and only solution to this problem depends on talented, united scientists, endowed with unlimited scientific and financial resources. We must create a unified scientific community as soon as possible… We need to act together as a unified force, a unified mind, and a unified heart."

The Unified International Scientific Center embarks on a mission that transcends borders, serving humanity at large by advancing our understanding of climate change and cataclysmic events. This ambitious undertaking not only seeks to illuminate the causes and consequences of these phenomena but also endeavors to devise strategies to mitigate their impact, offering hope for a sustainable future.

Contact Information:
Dr. Egon Cholakian
Email: egoncholakian@earthsavesciencecollaborative.com
ESSC Website: https://EarthSaveScienceCollaborative.com

About: A. EGON CHOLAKIAN

A. Egon Cholakian PhD is a Visiting Researcher (National Security) at Harvard University, and a retired Physicist / Attorney. Lobbyist, U.S. Congress and White House, Member of NASA's NISAR mission team, CERN Laboratory's Future Circular Collider project team, and Lawrence Livermore National Laboratory's National Ignition Facility user team, Educator member, International Association of Intelligence Educators.

Contact Information
Egon Cholakian
Lead Scientist
egoncholakian@earthsavesciencecollaborative.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com