Jakarta, 13 June 2025 — The Indonesia CCS Center (ICCSC) convened a high-level breakfast seminar at Equity Tower, SCBD, bringing together key stakeholders from the energy, finance, and infrastructure sectors to share insights on the future of carbon capture and storage (CCS) and carbon dioxide removal (CDR) in the Asia Pacific region.
The event featured presentations from leading experts, including Sohini Chatterjee (VP CCUS Low Carbon Research, RystadEnergy) and Lamtiurida Hutabarat (Principal Investment Officer, IFC).
Strengthening Regional Partnerships
Kicking off the event, Ibu Ferita, our Secretary General, highlighted Indonesia’s growing regional cooperation, notably the recent signing of an MoU between Indonesia’s Ministry of Energy and Singapore’s Ministry of Energy and Research, signaling a stronger bilateral commitment for cross-border CCS development. She reaffirmed ICCSC’s focus on policy advocacy to build regulatory clarity and market readiness.
CCS Trends: Momentum with Gaps
RystadEnergy’s Sohini Chatterjee provided a global and regional outlook on CCS and CDR. While more than 450 CCS projects have been announced globally, only a fraction is expected to be operational by 2030. Asia Pacific is on track to reach 60 Mtpa of capture capacity by then, pending regulatory and financial progress.
She noted that coal and oil, and gas sectors dominate the CCS pipeline in APAC, while CDR technologies like BECCS and Direct Air Capture are gaining traction due to demand from corporate buyers. However, she emphasized that high costs, lack of off-takers, and regulatory uncertainty remain key challenges.
Financing Realities for CCS Projects
IFC’s Lamtiurida Hutabarat shared insights into CCS investment from a development finance perspective. She outlined IFC’s approach in developing markets—ranging from market diagnostics to legal advisory—and highlighted the four key enablers for CCS: technical feasibility, cost efficiency, regulatory clarity, and social acceptance.
She also underscored that risks around storage, technology reliability, and policy uncertainty still deter many financiers. To bridge this gap, IFC offers blended finance and technical assistance, with project support determined by climate impact and risk profile.
Industry Collaboration is Key
The event underscored the urgent need for multi-sector collaboration to scale CCS in the region. From policy development to technology deployment and investment readiness, Indonesia is well-positioned to lead if these efforts are aligned and accelerated.
