Loop Industries Announces Its Loop(TM) Branded PET Resin Is Compliant for Pharmaceutical Industry Packaging Applications

MONTREAL, QUEBEC, Dec 13, 2023 – (ACN Newswire) – Loop Industries, Inc. (NASDAQ:LOOP) (the “Company” or “Loop”), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate (“PET”) plastic and polyester fiber, today announced that its Loop™ branded PET resin has been tested and is compliant for use in packaging applications in the pharmaceutical industry.

The rigorous requirements and standards outlined by the United States Pharmacopeia (USP <661.1>, Plastic Materials of Construction) and the European Pharmacopeia (Ph.Eur. 3.1.15, Polyethylene Terephthalate for Containers for Preparations not for Parenteral Uses) ensure that materials used in pharmaceutical packaging maintain the highest levels of integrity and do not compromise the safety and efficacy of the enclosed products. Test results executed by a worldwide leader in laboratory testing services confirm that Loop’s PET resin has successfully met these requirements, opening new possibilities for sustainable packaging solutions in the pharmaceutical industry.

The pharmaceutical industry is increasingly recognizing the importance of adopting sustainable practices and materials to reduce its environmental impact. Loop’s 100% recycled virgin quality PET can help support pharmaceutical companies with a sustainable packaging alternative and address the growing demand for environmentally responsible choices in the industry.

In addition to pharmaceutical packaging applications, Loop™ branded PET resin is also suitable for use in food-grade packaging, cosmetic packaging and polyester fiber textile applications.

“Our Infinite Loop™ technology upcycles the lowest quality PET and polyester fiber waste into 100% recycled PET resin of the highest purity, meeting the strict standards of the pharmaceutical industry”, said Adel Essaddam, Vice President of Science and Innovation. “Loop™ PET resin creates circularity for low value waste while reducing greenhouse gas emissions and can save up to 360,000 tonnes of CO2 per year compared to virgin PET made from fossil fuels1”, he added.

Daniel Solomita, Founder and CEO of Loop Industries, commented “This validation further reaffirms the quality and purity of our 100% recycled virgin quality PET and we are proud to offer a sustainable packaging solution that meets the demanding standards of the pharmaceutical industry.”

1 Source: Life Cycle Assessment of Loop GEN II Infinite Loop™ France done by Franklin Associates, a division of ERG, compares kg for kg Loop PET vs. Virgin PET. CO2 savings are based on a 70,000 tonne Loop facility and are compared to the production of virgin PET made from fossil fuels and the avoided incineration of waste used as a feedstock.

About Loop Industries

Loop Industries is a technology company whose mission is to accelerate the world’s shift toward sustainable PET plastic and polyester fiber and away from our dependence on fossil fuels. Loop Industries owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified and polymerized to create virgin-quality Loop™ branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling our customers to meet their sustainability objectives. Loop™ PET plastic and polyester fiber can be recycled infinitely without degradation of quality, successfully closing the plastic loop. Loop Industries is contributing to the global movement towards a circular economy by reducing plastic waste and recovering waste plastic for a sustainable future.

Common shares of the Company are listed on the NASDAQ Global Market under the symbol “LOOP.”

For more information, please visit www.loopindustries.com. Follow Loop on Twitter: @loopindustries, Instagram: loopindustries, Facebook: Loop Industries and LinkedIn: Loop Industries

Forward-Looking Statements

This news release contains “forward-looking statements” as defined in the U.S. Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “should,” “could,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or “continue” the negative of such terms or similar words. These forward-looking statements include, without limitation, statements about Loop’s market opportunity, its strategies, ability to improve and expand its capabilities, competition, expected activities and expenditures as Loop pursues its business plan, the adequacy of its available cash resources, regulatory compliance, plans for future growth and future operations, the size of Loop’s addressable market, market trends, and the effectiveness of Loop’s internal control over financial reporting. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond Loop’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with among other things: (i) commercialization of our technology and products, (ii) our status of relationship with partners, (iii) development and protection of our intellectual property and products, (iv) industry competition, (v) our need for and ability to obtain additional funding relative to our current and future financial commitments, (vi) engineering, contracting, and building our manufacturing facilities, (vii) our ability to scale, manufacture, and sell our products in order to generate revenues, (viii) our proposed business model and our ability to execute thereon, (ix) our joint venture projects and our ability to recover certain expenditures in connection therewith, (x) adverse effects on the Company’s business and operations as a result of increased regulatory, media, or financial reporting scrutiny, practices, rumors, or otherwise, (xi) disease epidemics and other health-related concerns and crises, which could result in reduced access to capital markets, supply chain disruptions and scrutiny, embargoing of goods produced in affected areas, government-imposed mandatory business closures and any resulting furloughs of our employees, government employment subsidy programs, travel restrictions or the like to prevent the spread of disease, or market or other changes that could result in non-cash impairments of our intangible assets, and property, plant and equipment, (xii) the effect of the continuing worldwide macroeconomic uncertainty and its impacts, including inflation, market volatility and fluctuations in foreign currency exchange and interest rates, (xiii) the outcome of any SEC investigations or class action litigation filed against us, (xiv) our ability to hire and/or retain qualified employees and consultants, (xv) other events or circumstances over which we have little or no control, and (xvi) other factors discussed in Loop’s subsequent filings with the Securities and Exchange Commission (“SEC”). More detailed information about Loop and the risk factors that may affect the realization of forward-looking statements is set forth in Loop’s filings with the SEC. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. Loop assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

For More Information:
Investor Relations:
Kevin C. O’Dowd, VP Communications & Investor Relations
Loop Industries, Inc.
+1 617-755-4602
kodowd@loopindustries.com

Media Inquiries:
Andrea Kostiuk, VP Marketing & Communications
Loop Industries, Inc.
+1 (450) 951-8555
akostiuk@loopindustries.com

Curio and Deep Isolation Sign MOU to Advance Nuclear Waste Disposal Technologies.

Washington, D.C., Dec 8, 2023 – (ACN Newswire) – Curio, a trailblazer in nuclear technology solutions, and Deep Isolation, an innovator in nuclear waste disposal, have entered into a Memorandum of Understanding (MOU) to collectively drive forward the development of advanced technologies for efficient and secure disposal of high-level nuclear waste (HLW).

Under this MOU, both Curio and Deep Isolation will mutually collaborate and exchange critical information for the use of Deep Isolation’s Universal Canister System (UCS) and patented directional drilling solution for deep borehole disposal for the isolation and management of HLW from UNF recycling.

Deep Isolation is the owner and developer of a suite of technologies for deep borehole storage and disposal of used nuclear fuel and other nuclear waste. As part of an R&D program funded by ARPA-E, Deep Isolation has developed a UCS for borehole disposal that can accommodate a variety of fuel types and waste forms.

Curio is the owner and developer of the NuCycle® technology, which intends to produce, on a global scale, recycled nuclear fuel and a wide range of isotopes with existing and prospective market demands in a manner that dramatically reduces the amount of HLW by as much as 96% or more while ensuring robust safeguards and security by design.

This collaborative initiative is geared towards exploring synergies between Curio and Deep Isolation with respect to their respective UNF recycling and disposal technologies and establishing a framework for cooperation in development of methods related to loading, storage, handling, and transportation of HLW-bearing canisters after the NuCycle process.

Ed McGinnis, CEO of Curio, remarked, “This collaboration signifies a pivotal moment in nuclear technology history where both advanced recycling and advanced geologic sequestration technology are progressing toward commercialization. By joining forces with Deep Isolation, we’re not just addressing a critical need for effective nuclear waste management; we’re spearheading an era of innovation and responsibility in the nuclear industry.”

This strategic partnership combines Curio’s expertise in advanced nuclear recycling technology with Deep Isolation’s pioneering solutions for nuclear waste disposal. By leveraging their respective strengths and knowledge, both entities aim to revolutionize the landscape of nuclear waste management, emphasizing collaboration, innovation, and environmental responsibility.

The joint efforts outlined in this MOU are poised to set new standards for efficient, secure, and environmentally conscious disposal solutions for high-level nuclear waste.

Elizabeth Muller, CEO of Deep Isolation, remarked, “We’re excited to work with the Curio team to address waste disposal requirements from nuclear fuel recycling. This MOU lays the groundwork to better understand and address those needs.”

About Curio Legacy Ventures

Curio Legacy Ventures is at the forefront of nuclear technology innovation, pioneering solutions for sustainable nuclear power generation and waste management. With a commitment to driving advancements in nuclear recycling and waste disposal, Curio remains dedicated to fostering partnerships and innovations that redefine the future of nuclear technology.

About Deep Isolation

Deep Isolation is a leading global innovator in nuclear waste storage and disposal solutions. Driven by a passion for environmental stewardship and scientific ingenuity, the company’s patented solution of advanced nuclear technologies enables global delivery through its partnerships with industry leaders as well as flexible IP licensing options.This press release contains forward-looking statements and is subject to the terms outlined in the disclaimer at the end.

For media inquiries or further information, please contact:

Lguzi@curiolegacy.com
Leeaht Guzi
Director of External Affairs
1425 K St. NW, Suite 210
Washington, D.C., 20009
Curio.energy

media@deepisolation.com
Deep Isolation, Inc.
2001 Addison St., Suite 300
Berkeley, CA 94704
www.deepisolation.com

Pertamina NRE presents Indonesia’s EV ecosystem at COP28

DUBAI, Dec 6, 2023 – (ACN Newswire) – With Pertamina NRE involvement in Indonesia’s electric vehicle (EV) ecosystem development, the adoption of EVs represents a significant opportunity for the company, thereby reinforcing Indonesia’s efforts towards energy transition, the company said at the 2023 United Nations Climate Change Conference (COP28) on Friday (Dec 1).

PHR Vice President of Facility Engineering Erwin Sinisuka. (ANTARA/HO-PERTAMINA) — Pertamina NRE presented Indonesia’s developing EV ecosystem at the 2023 United Nations Climate Change Conference (COP28). (ANTARA/HO-PERTAMINA)

Dannif Danusaputro, President Director of Pertamina New Renewable Energy (NRE), a subsidiary of the state-owned oil and gas company, conveyed their commitment to developing the EV ecosystem. “We will play a leading role in the infrastructure, charging stations, and the entire supply chain process for electric vehicles,” he noted during a session themed “E-Mobility: Balancing Sustainability and Growth in Critical Supply Chains” at the Indonesian Pavilion.

Dannif remarked that Pertamina NRE will develop two-wheeled EVs. The company has already collaborated with several ride-hailing companies in Indonesia. This collaboration involves fleet operator development, drivers, and charging infrastructure. The company will also focus on developing battery packs for two-wheeled vehicles.

In November 2023, Pertamina NRE partnered with PT VKTR Mobility Technology Tbk to initiate sustainable mobility solutions. Both companies introduced the Electric Mobility as a Service (e-MaaS) model to support the adoption of EVs for urban public transportation services.

The e-MaaS model offers flexible financing for operating and maintaining EV buses, intending to reduce reliance on government funding, thereby saving costs for deploying environmentally friendly vehicles in major cities. Dannif emphasized that the e-MaaS model also encompasses crucial infrastructure, such as charging stations and renewable energy sources.

During his presentation, Dannif stressed the importance of funding. He highlighted the need for funding to advance EV technology throughout the supply chain. “This is crucial in the development of the electric vehicle ecosystem. With it, a robust and independent electric vehicle supply chain will materialize more quickly,” Dannif stated.

Dannif also underscored another critical aspect: the diverse natural resources distributed across different regions, with connectivity pivotal in providing clean energy. Infrastructure and connectivity will facilitate supply chain distribution, accelerating the realization of the EV ecosystem.

Pertamina NRE’s support for the EV ecosystem aligns with President Joko Widodo’s directive to expedite public transportation electrification, as stipulated in Presidential Regulation 55/2019 and Presidential Instruction 7/2022. Pertamina NRE’s efforts aim to accelerate an environmentally friendly transportation supply chain ecosystem.

Shinta Kamdani, deputy chairperson for maritime affairs, investment and foreign affairs at the Indonesian Chamber of Commerce and Industry, stated that Indonesia holds significant potential in EV development. “Although still in its early stages, Indonesia has immense potential, from utilizing raw materials to battery recycling. The private sector can participate and seize opportunities in developing the electric vehicle supply chain ecosystem,” Shinta stated.

Encouraging the adoption of EVs, the government has implemented various measures to attract consumers, including incentives of Rp7 million for new motorcycles or conversions. On the manufacturing side, there is a 10 percent value-added tax deduction for domestic component levels reaching 40 percent.

Rachmat Kaimuddin, deputy for Infrastructure and Transportation Coordination at the Coordinating Ministry for Maritime Affairs and Investment, highlighted Indonesia’s active role as a primary EV supplier, not only nationally but also regionally. “Indonesia could become a major player in supplying electric vehicles internationally. This effort can commence with exports to the Southeast Asian region,” Rachmat remarked.

All panelists in the session agreed that utilizing raw materials, such as nickel, presents a significant opportunity for Indonesia. Moreover, collaborative steps are needed to enhance capacity and technology as well as leverage advantages for competitiveness. These efforts will progress smoothly with policy support from the government.

Francois De Maricourt, President Director of PT Bank HSBC Indonesia, and Kwasi Ampofo, Head of Metals and Mining at BloombergNEF, were also present at the session.

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

PERTAMINA, https://www.pertamina.com

Media Contact
Dicky Septriadi
Corporate Secretary
PT Pertamina New & Renewable Energy
M: +62 8111663456
E: dicky.septriadi@pertamina.com

Pertamina Hulu Rokan expounds on Wetlands Innovation at COP28

DUBAI, Dec 5, 2023 – (ACN Newswire) – PT Pertamina Hulu Rokan (PHR) presented innovations in creating wetlands to manage wastewater produced from its operational activities at COP28 on Friday. PHR’s innovations, which were implemented to support the achievement of net zero emissions (NZE) by 2060, were presented at the 2023 UN Climate Change Summit, or Conference of the Parties (COP28), in Dubai, United Arab Emirates (UAE), on Friday (12/01).

PT Pertamina Hulu Rokan (PHR) present its innovation in constructing wetlands to manage water waste produced from its operational activities at COP28. (Antara / HO-Pertamina) — PT Pertamina Hulu Rokan (PHR) presented its innovation in constructing wetlands to manage wastewater from its operational activities at COP28. (Antara / HO-Pertamina)

PHR Vice President, Facility Engineering, Erwin Sinisuka explained that nature-based solutions (NBS) were employed to manage wastewater produced by Pertamina’s energy production processes. Wastewater management was carried out using constructed wetlands based on hydro technology, where wetlands are formed using a hydraulic loading rate technique, so that wastewater management simply used gravity.

Erwin said the development of wetlands were part of the effort towards environmentally friendly operations, in accordance with environmental standards of the Ministry of Environment and Forestry. The session, ‘Unlocking the Potential of Nature Based Solutions, for Adaptation and Mitigation of Climate Change’ was held at the Indonesian Pavilion, COP28, on Friday.

PHR has built constructed wetland covering an area of 5,000 m2 in one of its Rokan Block work areas. The wetland is the company’s pilot waste management project, while it is developing 14 wetland construction projects in its work areas.

The wetland has reduced emissions by 1,341 tCO2eq from January to October 2023, and has reduced wastewater discharge, which reached 11,30 barrels per day (bwpd) before construction, whereas now it is only 7,217 bwpd.

Constructed wetlands are not only for waste management but can provide more significant benefits for the community. “The community will always be our focal point, as their involvement can be the key to successful wetland management,” Sinisuka said.

PHR collaborates with local communities to manage these wetlands. The buffer materials and plants used at this location come from local sources, including coconut fiber, which is used as a filter. Apart from that, the community can use filtered water, he said.

Vice President of Upstream Business Operational Excellence, Health, Safety, and Environment, PHR I, Nyoman Widaryantha Naya added that this artificial wetland also becomes a water absorption area, which can reduce the risk of flooding “This constructed wetland also has many other benefits for the community. Residents are also now using the area as a small-scale transportation route by boat,” Widaryantha said.

In a similar session, the Deputy for Environmental and Forestry Management Coordination at the Coordinating Ministry for Maritime Affairs and Investment, Nani Hendiarti, stated that Indonesia has great potential to develop NBS, where 15 percent of the world’s NBS potential is in Indonesia.

Seeing these various potentials, the government is developing a blue carbon roadmap. Presidential Regulation 98 (2021) concerning the Economic Value of Carbon strengthens the optimization of blue carbon. “We will also include the marine sector and blue carbon in the nationally determined contribution targets,” Hendiarti said.

The Director General of Marine Spatial Management, Ministry of Maritime Affairs and Fisheries, Victor Gustaaf Manopo, said that blue carbon is part of climate adaptation through ecosystem resilience.

The event was also attended by Assistant Deputy Secretary, UAE Ministry of Climate Change and Environment, Mohamed Salman Alhammadi; Senior Natural Resources Management Specialist, World Bank, Ambroise Beriner; President Director, Sucofindo, Jodi Triananda Hasjim; and Executive Director, Tropical Forest Alliance, World Economic Forum, Jack Hurd.

As a leading company in the energy transition sector, Pertamina is committed to supporting the 2060 Net Zero Emission targets and continues to encourage programs that impact the achievement of Sustainable Development Goals (SDGs). These efforts align with implementing environmental, social, and governance (ESG) in all Pertamina business lines and operations.

PERTAMINA, https://www.pertamina.com

Media Contact
Sonitha Poernomo
Manager Corporate Communications
PT Pertamina Hulu Rokan (PHR)
M: +62 811-851-9273
E: sonitha.poernomo@pertamina.com

Indonesia Urges Collaboration at COP28 to Tackle Climate Change

DUBAI, Dec 4, 2023 – (ACN Newswire) – Indonesia invited multi-party cooperation to realize the carbon neutrality target and tackle climate change at the 2023 UN Climate Change Summit (COP28) in Dubai, United Arab Emirates.

Technicians inspect solar panels on floating generator project at Cirata Reservoir, Purwakarta District, West Java, Tuesday (Sept 26, 2023). The Cirata floating generator is the largest facility in Southeast Asia as Indonesia effort to support carbon neutrality and tackle climate change. (ANTARA FOTO/Raisan Al Farisi/rwa) — Technicians inspect solar panels on a floating generator project at Cirata Reservoir, Purwakarta District, West Java, the largest facility in Southeast Asia, supporting carbon neutrality and tackling climate change. (ANTARA FOTO/Raisan Al Farisi/rwa)

President Joko Widodo revealed on Friday (December 1) that several efforts to develop new renewable energy require significant financing, and developing countries need help.

“Indonesia needs more than US$1 trillion investment for carbon neutrality by 2060. Indonesia invites collaboration from bilateral partners, private investment, philanthropists, and support from friendly countries,” Jokowi said in his statement at COP28, Dubai.

Indonesia continues to work hard to achieve its carbon neutrality target by 2060 or earlier while enjoying high economic growth.

“I am sure many developing countries have a similar position as Indonesia. However, each country cannot carry this agenda alone because collaborative and inclusive cooperation is required in the form of real actions producing real results. That is what we must achieve at COP28,” he said.

Indonesia also urges collaboration in the agricultural sector because of the potential to produce environmentally friendly biofuels. According to Jokowi, agriculture is vulnerable to the impact of climate change, which can reduce food production rates, so cooperation is required to meet global demand.

Additionally, the Indonesia Pavilion at COP28 will discuss further the issue of reducing greenhouse gas (GHG) emissions from the energy and waste sectors, forestry, and other land use sectors.

Minister of Environment and Forestry Siti Nurbaya Bakar said these sectors significantly reduce Indonesia’s GHG emissions. “These sectors contribute to a real reduction in Indonesia’s GHG emissions of 42.1 percent in 2023 as compared to business as usual,” Siti stated during the opening of the Indonesia Pavilion.

Indonesia already has an operational plan to implement the forestry and other land use (FOLU) Net Sink 2030 agenda. The FOLU sector remains the most significant contributor to reducing Indonesia’s GHG emissions, reaching 60 percent.

Siti expressed confidence in Indonesia’s ability to meet the FOLU Net Sink 2030 objective, citing recent progress in deforestation reduction.

Indonesia also proved its leadership in climate action by controlling peat fires during this year’s El Nino, which did not cause transboundary haze.

The Indonesia Pavilion at COP28, with the theme “Indonesia’s Climate Actions: Inspiring the World,” will host 77 panel sessions with 379 speakers. The sessions provide opportunities to explore ideas, opportunities, and networking in the context of strengthening efforts to control climate change in Indonesia. This will feature offline and virtual climate action exhibitions and a talk show featuring the government and all parties’ climate activities.

Pertamina Reaffirms its Commitment to Net Zero Emissions by 2060

JAKARTA, Dec 4, 2023 – (ACN Newswire) – President Director of PT Pertamina (Persero) Nicke Widyawati reiterated Pertamina’s commitment to supporting the Indonesian Government in achieving net zero emissions by 2060 at the 2023 UN Climate Change Summit or Conference of the Parties (COP-28), being held in Dubai, the United Arab Emirates, from November 30 to December 12, 2023.

President Director of PT Pertamina (Persero) Nicke Widyawati (second left) during the 2023 UN Climate Change Summit (COP-28), taking place in Dubai, UAE. [Antara / HO-Pertamina]

In a discussion session at the Indonesian Pavilion, Widyawati explained that Indonesia faces an energy trilemma with three main issues: energy security, equality, and sustainability. To deal with these three issues, Pertamina has developed three comprehensive strategic initiatives: decarbonization of the company’s operations (scope 1), building new low-carbon businesses (scope 2), and implementing a carbon offset program (scope 3).

As a developing country, she said that Indonesia targets stable economic growth where energy catalyzes economic growth. Therefore, as a state-owned enterprise (BUMN), Pertamina places energy security as a top priority. However, Pertamina must manage the balance for energy equality, which includes energy accessibility, affordability, and energy sustainability in reducing carbon emissions in our operations for scopes one, two, and three, Widyawati said.

She said that Indonesia is not ready to switch all fossil fuels to renewable energy, as this would endanger national energy security. Therefore, Pertamina has developed initiatives for managing sustainability while maintaining energy security and strengthening energy equality.

Pertamina must maintain its primary business, oil and gas, because the Indonesian government aims to increase upstream oil and gas production from 700,000 barrels per day to 1 million barrels per day in 2030. But this is done using a green operation method, she said.

Pertamina is carrying out three initiatives towards energy efficiency, as it is essential and more manageable for reducing emissions. The contribution of energy efficiency to reducing emissions is around 39 percent. That is why we focus on energy efficiency in our operations: upstream, processing, and downstream, Widyawati said.

Next is methane reduction. Methane can destroy the environment, which is worse than CO2 emissions. That is why we have set a target of a 7.6 percent reduction in methane, with carbon emissions (CO2) reduced by 5.5 percent and flare reduction and its utilization by 16.7 percent, she said. From these three operations through the end of last year, Pertamina successfully reduced 31 percent of emissions in its internal operations.

The second initiative is to increase the development of low-carbon products by producing biofuels. Indonesia is the eighth-largest country with forests, so Indonesia can produce biofuel. With the 35 percent biodiesel (B35) program last year, we reduced around 32 million tons of CO2 annually. We will add more B35 now and introduce the 40 percent biodiesel (B40) next year. Even in our new national energy policy, the target is up to 60 percent biodiesel (B60), Widyawati said.

Pertamina has a bio gasoline program that mixes bioethanol from sugar cane, corn, and cassava into gasoline. Pertamina will start with a bioethanol blending level of 5 percent (E5), and in the Indonesian National Energy Policy, it will gradually increase to a bioethanol blending level of 40 percent (E40). Regarding this biofuel, Pertamina has just launched sustainable jet fuel (Sustainable Efficient Fuel), which is mixed with crude palm oil (CPO).

Therefore, this program is the best option for Indonesia. There are three main benefits. First, we can reduce fuel imports through biofuel. Second, we can reduce emissions. And the third is creating jobs in upstream sectors, Widyawati said.

The third initiative is carbon offsetting. Even though fossil fuels and coal-fired power plants still exist, Pertamina must reduce emissions through carbon capture, utilization, storage, and nature-based solutions (NBS). She said the current capacity to absorb emissions from the global environment is up to 15 percent.

Carrying out these various initiatives, she said, Pertamina faces four challenges. The first is the regulatory framework to accelerate the development of renewable energy. The second challenge is related to technology, as Indonesia needs technology for all its abundant natural resources that can be used to produce energy. The next challenge is financial because Indonesia needs funding, especially for the initial stages of research and development. The fourth challenge is building capabilities and capacity. We believe that we need global collaboration to overcome these challenges, especially from governments, Widyawati said.

The Director General of Electricity, Ministry of Energy and Mineral Resources, Jisman P Hutajulu, invited all stakeholders to encourage the energy transition by utilizing New, Renewable Energy. The development of EBT in this energy transition is for the long term, Jisman said on the sideline of a discussion themed “Increasing Ambitions in Renewable Energy Targets for NDC Acceleration” on Thursday (Nov 30).

As a leading company in the energy transition sector, Pertamina is committed to supporting the 2060 Net Zero Emission target by continuing to encourage programs that directly impact the achievement of Sustainable Development Goals (SDGs). These efforts align with implementing Environmental, Social, and Governance (ESG) in all Pertamina business lines and operations.

PERTAMINA, https://www.pertamina.com

Media Contact:
Fadjar Djoko Santoso
Vice President, Corporate Communication, PT Pertamina (Persero)
E: fadjar.santoso@pertamina.com

PIS and KARPOWERSHIP Forge a Strategic Partnership for Sustainable Energy Infrastructure

DUBAI, Dec 2, 2023 – (ACN Newswire) – Pertamina International Shipping (PIS) and KAPOWERSHIP are proud to announce the formalization of a groundbreaking General Partnership Agreement (GPA) to develop critical energy infrastructure in Indonesia.

The partnership was formalized during the COP28 in Dubai, Friday (1/12), signifying the parties’ joint commitment to providing cleaner, more accessible energy solutions on a global stage.

The agreement, signed by CEO of PIS Yoki Firnandi, and DoÄŸan Karadeniz, founding partner of KARPOWERSHIP. The signing moment was witnessed by President Director of PT Pertamina (Persero) Nicke Widyawati and Rabin Indrajad Hattari, the permanent secretary at the State-Owned Enterprises (SOE) Ministry of Indonesia.

Under the GPA, both entities will join forces to explore and implement various initiatives aimed at advancing the energy landscape in Indonesia and beyond. The key focus areas include power generation opportunities with a special focus on cutting-edge Powership technology; unlocking gas assets through liquefaction with a great potential of a Floating Liquefied Natural Gas (FLNG) development and deployment; collaborating on LNG infrastructural projects including Floating Storage and Regasification Units (FSRUs) and small-scale LNG distribution.

Both parties will also work together on extensive studies for the development of alternative fuel sources, including hydrogen, ammonia, methanol, and other biofuels. This reflects a shared commitment to exploring sustainable, cleaner energy solutions.

Nicke Widyawati, President Director of PT Pertamina (Persero), highlighted this collaboration between PIS and KARPOWERSHIP was a form of commitment to the energy transition to ensure Net Zero Emissions 2060.

“Collaboration is about exploring other business opportunities to optimize existing assets, such as floating mini-LNG and floating CNG facilities. We believe this development is the key to the energy transition because gas is a bridge to renewable energy,” Nicke added.

Highlighting the strategic importance of this collaboration, the founding partner of Karpowership DoÄŸan Karadeniz said: “We look forward to working together with PIS both in Indonesia and Southeast Asia and supporting countries in their important energy transition paths.”

This collaborative venture is poised to drive positive change in the energy sector, combining Karpowership’s expertise in efficient modular power generation with PIS’s commitment to supporting ongoing energy transition and sustainable energy initiatives. The partnership also establishes a flexible framework for both parties to explore lucrative business that contribute to the country’s economic development while simoltaneuosly accelerating the global transition to cleaner and more sustainable energy sources.

About KARPOWERSHIP:

The energy transition company Karpowership is the pioneer of the modern Powership. With over 25 years of experience in the floating power plant industry, Karpowership has over 6,000 MW of installed capacity globally via its Powerships and onshore plants, as well as a fleet of floating LNG infrastructure which includes LNG carriers and floating storage and regasification units (FSRUs). Operating in 14 different international markets across 4 continents, Karpowership provides a fast, flexible, and reliable solution to energy demand, and can provide base load, mid-merit, or peak-shaving electricity generation capacity to a host’s grid. As a plug-and-play solution, the company’s Powerships can deploy and begin generating electricity in as little as 30 days.

About PIS:

PT Pertamina Internasional Shipping (PIS) as a Sub-holding of Integrated Marine Logistics (IML) PT Pertamina (Persero) carrying out all shipping, marine services, and logistics businesses. Serving Pertamina Group, PIS shows its track record and expertise in distributing energy across the Indonesia’s waters. PIS owns more than 400 vessels including 96 owned tankers, 6 fuel and LPG storage terminals and operates 140 ports. With extensive and comprehensive services, PIS aggressively expands its non-captive market and already sailing in 50 international routes throughout the globe. Continuously strengthen the company with highly capable, experienced professionals, and wide-ranging fleet and facilities, PIS is committed to delivering excellent services.

For media inquiries or further information, please contact:
Muh. Aryomekka Firdaus
Corporate Secretary of PT Pertamina International Shipping
M.: (+62) 811-872-272
E.: aryomekka@pertamina.com

BLUETTI Unveils Three Innovative Portable Power Stations: AC2A, AC70, and AC200L

SYDNEY, AU, Nov 23, 2023 – (ACN Newswire) – On December 15th, BLUETTI, a pioneer in portable power solutions, will launch three new models to the Australian market: the AC2A, AC70, and AC200L portable power stations. These cutting-edge generators are designed to make solar power easily accessible anywhere.

BLUETTI AC2A – Power On the Go

Weighing only 3.6kg, the AC2A is a portable powerhouse designed for hikers and campers alike on the move. With a 204Wh capacity, it delivers a robust 300W AC output and a 600W surge to charge outdoor essentials and electronics. Noteworthy features include rapid 1.4-hour charging with a 270W AC cable and solar-readiness with a 200W solar input to ensure a stable power supply at all times.

BLUETTI AC70 – Robust Mobile Power

Building on the success of the EB70, the AC70 has a 768Wh capacity and an impressive 1,000W running power that can be raised to handle high inductive devices up to 2,000W, such as kettles and hairdryers. Charging is quick and easy with compatibility for multiple sources. The AC70 can charge from 0% to 80% in just 45 minutes from up to 850W AC input and top up in just 2 hours from 500W solar.

BLUETTI AC200L – Power Redefined

The AC200L, an upgraded version of the flagship AC200MAX, offers a similar 2,048Wh capacity and expandability, but with a larger 2,400W output that can be increased to 3,600W for heavy-duty equipment in Power Lifting mode. It fully charges in just two hours via a 2,400W mains charge, without the need for a bulky adapter, or a 1,200W solar charge for unparalleled convenience. The AC200L also adds more quick USB-C ports and a responsive UPS feature that kicks in 20ms during power outages, providing responsive backup power for home essentials.

Price and Availability

Starting December 15th, the AC2A, AC70, and AC200L will be available on the official BLUETTI website and Amazon. Initial pricing details will be announced shortly afterward.

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.

Follow us on social media:
Facebook: https://www.facebook.com/groups/bluettipower.au
Instagram: https://www.instagram.com/bluetti_australia/
Youtube: https://www.youtube.com/@BLUETTIOfficial

Contact: pr@bluetti.com

BLUETTI Black Friday 2023: Exclusive Power Station Deals and Exciting Activities

SYDNEY, AU, Nov 17, 2023 – (ACN Newswire) – Black Friday is coming, and BLUETTI is gearing up to dazzle you with an incredible array of discounts, gifts, exclusive offers, and a thrilling new release – the BLUETTI EP760 energy storage system. Mark your calendar: November 8-19 for Early Access and November 20 to December 3 for the official Black Friday event-don’t miss out on these fantastic deals!

BLUETTI Black Friday Deals on Home Backup Power Stations and Outdoor Generators

BLUETTI Power Stations for Home Backup

– BLUETTI EP500 (2,000W/5,100Wh): The all-in-one power station rolls in like a party on wheels, powering most household appliances like refrigerators and air conditioners. During the summer wildfire season, your home will be cool and bright even if a sudden blackout hits, thanks to EP500’s responsive UPS feature. When paired with the BLUETTI PV350 folding solar panels, it can charge up to 1,200W.

BLUETTI Portable Generators for Outdoor Adventures and Emergencies

– BLUETTI AC200P (2,000W/2,000Wh): Compact and powerful, this powerhouse can make your RVing and camping trips a breeze. 13 versatile outlets let you charge all your electronics, cooking appliances, lights and more at once. Throw a few MP200 folding solar panels in your trunk, and you’ll see how quickly it fills up with 700W of solar intake.

– BLUETTI EB55 (700W/ 537Wh): At only 7.5kg, it can be taken on the road and almost anywhere you want. It supports pass-through charging, so you can power your fans while it recharges from MP200 solar panels or your car.

The Newcomer: BLUETTI EP760 Energy Storage System

Introducing the BLUETTI EP760+B500 Energy Storage System, a 7,600W battery system that helps you save on energy bills and protect against power outages. Its modularity allows you to build a capacity from 9,920Wh to a maximum of 19.8kWh by choosing the battery packs you need. Connecting it to your solar arrays means you can use free solar energy even at night to lower your electricity costs. The BLUETTI EP760 system debuted on October 25th with an unbeatable launch price

BLUETTI’s Black Friday Activities to Light Up Your Black Friday

Lucky Prize Wheels: Customers who spend over A$1500 will have 3 chances to try their luck on the Lucky Prize Wheels, once a day until the end of the Black Friday sale (December 3). The chances of winning are pretty darn good. Spin the wheel to win fantastic BLUETTl prizes including EB3A portable generators, MP200 solar panels, BLUETTl outdoor gift boxes, A$100 and A$50 coupons or even BLUETTl T-shirts and brooch. Prizes will be delivered at the end of January.

BLUETTI Lifestyle Gifts: If your spending crosses the thresholds of A$1500, A$2500, A$4000, or A$6000, you could receive free BLUETTI fridge magnets, a T-shirt, a hoodie, or a mini-fridge accordingly.

Earn 3X BLUETTI Bucks: For every order placed, you’ll earn triple BLUETTI Bucks during Early Access from November 8-19, and five times on Black Friday from November 20 to December 3, which can be redeemable for BLUETTI Coupons, Lifestyle Gifts, and more.

Get the Most Out of BLUETTI’s Black Friday Sale

Keep your eyes peeled because the best deals can vanish faster than a hot pizza in a room full of teenagers. Stay updated by following BLUETTI on social media and signing up for their official website newsletter. Here’s a timetable to ensure you don’t miss out on any of the exciting offerings:

– Nov. 8 – Dec.3: Spin the prize wheels and win gifts like the EB3A.
– Nov. 20 – Dec.3: Earn 5X BLUETTI Bucks.
– Nov. 20 – Dec.3: Get gifts with a purchase over A$1500.
– Anytime: Refer a friend and get an extra 5% off.

Feel Confident Shopping This Season

BLUETTI is not your average brand; it’s a powerhouse of innovation and reliability. With over 300 patents, their R&D experts consistently deliver groundbreaking products every year. When you shop at BLUETTI, you’ll not only get a great product at a fantastic price but also a seamless shopping experience with exceptional service.

– Buy Now and Pay Later (BNPL) service for flexible payment.
– A 30-day money-back guarantee for any quality-related issues.
– Free and Fast local shipping with a vast network of local warehouses worldwide.
– Lifetime customer support, available 24/7 for both pre and post-sale assistance.

About BLUETTI

CONTACT: pr@bluetti.com

Partnering with Chevron and Mubadala Energy, Pertamina Geothermal Energy Aims to Explore Geothermal Opportunities in Kotamobagu

Washington, D.C., Nov 15, 2023 – (ACN Newswire) – PT Pertamina Geothermal Energy Tbk (PGE) (IDX: PGEO) announced its cooperation with Chevron New Energies International (Chevron) and Mubadala Energy to embark on a Joint Study Agreement (JSA) to explore the geothermal potential in Kotamobagu, North Sulawesi, Indonesia. The JSA was signed during President Joko Widodo’s visit to the United States and witnessed by the Deputy Coordinating Ministry for Maritime & Investment Affairs, Jodi Mahardi , Ambassador of The Republic of Indonesia for United States of America, Rosan Roeslani, President Director & CEO PT Pertamina (Persero), Nicke Widyawati and Country Manager Chevron Indonesia, Wahyu Budiarto.

The JSA aims to capitalize on the companies’ complementary strengths and experience. It will bring together PGE’s experience and scale as the largest geothermal producing company and capacity holder in Indonesia, Chevron’s expansive capabilities as a multinational energy company committed to providing reliable and cleaner energy, and Mubadala Energy’s track record in delivering reliable and efficient energy to Indonesia and commitment to playing an active role in the energy transition as an international energy leader.

The agreement provides a comprehensive framework to conduct a joint study into developing the Kotamobagu Geothermal Working Area (WKP). The agreement is aligned with the Government of Indonesia’s recent announcements targeting the addition of 3.3 gigawatts (GW) of installed geothermal capacity by 2030. Geothermal electricity produced in Kotamobagu may provide clean energy source to feed the domestic market in Indonesia and potentially an input to produce low carbon hydrogen or ammonia.

President Director of PT Pertamina Geothermal Energy Tbk, Julfi Hadi enthusiastically welcomed the JSA cooperation between PGE, Chevron, and Mubadala Energy, “Our Joint Study Agreement this time aims to utilize the complementary strengths of the three parties in developing geothermal in Kotamobagu,” he said.

Wahyu Budiarto, Chevron Indonesia Country Manager said, “This is Chevron’s fifth collaboration with Pertamina and we are excited about the addition of Mubadala Energy in the Kotamobagu WKP. We look forward to bringing into the partnership, Chevron’s technical expertise and new geothermal technologies to explore renewable energy resources to support Indonesia’s energy transition goals.”Mansoor Mohamed Al Hamed, Chief Executive Officer of Mubadala Energy, commented; “With our track record of delivering strategic energy resources in Indonesia for over a decade, we are excited about this partnership with PGE and Chevron to explore the expansion of geothermal energy, an important segment of Indonesia’s clean energy growth ambitions. The opportunity to explore such projects is embedded in Mubadala Energy’s commitment to playing an active role in the energy transition as we continue to support Indonesia’s Net Zero targets.”

WKP Kotamobagu was assigned to PGE Kotamobagu as a subsidiary of PT Pertamina Geothermal Energy Tbk. based on the Decree of the Minister of Energy and Mineral Resources 14.K/EK.01/MEM.E/2022 where WKP Kotamobagu is an area that has a high enthalpy value with a volcanic hydrothermal system located in North Sulawesi Province with an area of 18,530 Ha.

About PT Pertamina Geothermal Energy Tbk.

PT Pertamina Geothermal Energy Tbk. (PGE) (IDX: PGEO) is part of the Power & New Renewable Energy (PNRE) Subholding of PT Pertamina (Persero) which is engaged in geothermal exploration, exploitation and production. PGE currently manages 13 Geothermal Working Areas (WKP) and 1 Assigned Working Area with an installed capacity of 1,877 MW, of which 672 MW is operated and managed directly by PGE and 1,205 MW is managed under a Joint Operation Contract scheme. The installed geothermal capacity in PGE’s working areas contributes around 80% of the total installed geothermal capacity in Indonesia, with the potential to reduce CO2 emissions by around 9.7 million tons of CO2 per year.

As a world class green energy company, PGE aims to create value by maximizing end-to-end management of geothermal potential and derivative products and participating in the national and global decarbonization agenda to support Indonesia net zero emission 2060. PGE has excellent ESG credentials with 13 Gold PROPER awards from 2011 to 2022 in the Ministry of Environment and Forestry’s highest environmental compliance award for ESG Rating & Engagement.

About Chevron

Chevron is one of the world’s leading integrated energy companies. We believe that affordable, reliable and cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and industry. We focus on reducing the carbon intensity of our operations and growing low-carbon businesses alongside our traditional business lines. For more information, please visit www.chevron.com .

About Mubadala Energy

Mubadala Energy is an international energy company, headquartered in Abu Dhabi. With a diversified portfolio of operated and non-operated assets spanning 11 countries, its primary geographic focus is in the Middle East and North Africa, Russia and Southeast Asia.

Mubadala Energy is a wholly-owned subsidiary of Mubadala Investment Company, which is owned by the Government of Abu Dhabi. The company’s portfolio is around 66 per cent gas, with a working interest production in 2022 of approximately 500,000 barrels of oil equivalent per day.

In line with Mubadala Energy’s commitment to play an active role in the energy transition, the company is expanding across the gas value chain and actively pursuing opportunities in new energy sectors. For more information, please visit www.mubadalaenergy.com

For more information, contact:

PT Pertamina Geothermal Energy Tbk
Muhammad Taufik
Manager Corporate Communication & Stakeholder Management
PT Pertamina Geothermal Energy Tbk
muhammad.t@pertamina.com

Chevron
Mr. Cam Van Ast
External Affairs Advisor
Chevron Asia Pacific
cameron.vanast@chevron.com

Ms. Ferita Damayanti
Corporate Affairs Manager
Chevron Indonesia Business Unit
Ferita@chevron.com

Mubadala Energy
Mr. Paul Slinger,
Vice President of Communications
paul.slinger@mubadalaenergy.com