This initiative is designed to prevent an energy crisis in the industrial sector while also supporting carbon dioxide reduction, with a target of cutting CO2 emissions by 912 million tons by 2030.
"Although production costs are still quite high, the business potential for green hydrogen is greater compared to conventional hydrogen," said Dendy Apriandi, Director of Investment Deregulation at the Ministry of Industry, on Thursday.
One notable investor in green hydrogen development is the state-owned oil and gas company Pertamina, which has allocated 11 billion U.S. dollars to achieve its green energy development targets.
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