U.S. President Joe Biden announced a variety of investments in Indonesia in areas including food and climate security, including a $2.5 billion carbon capture deal between ExxonMobil and the government-owned energy firm Pertamina. The deal between ExxonMobil and Pertamina would help evaluate the creation of a regional carbon capture and sequestration hub in Indonesia, according to a statement from the White House.
The partnership aims at:
- Decarbonizing important business sectors
- Reducing emissions
- Building environmentally friendly transportation infrastructure
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