January 12, 2023

On December 23, 2022, Sumitomo Heavy Industries, Ltd. (Head Office: Shinagawa-ku, Tokyo; President and CEO: Shinji Shimomura) signed Minutes of Understanding (hereinafter referred to as “MoU”) with one of affiliated companies of state-owned power utility in Indonesia (PT PLN), PT Pembangkitan Jawa Bali Services (Head Office: East Java Province, Indonesia; President Director: Teguh Widjajanto, hereinafter referred to as “PJB Services”), on“Cooperation in responding to the Policy for Decarbonization and Carbon Neutralization in the Energy Sector in Indonesia”.

The government of Indonesia set a goal to achieve net zero emission of greenhouse gas by 2060 which all parties in Indonesia including PJB Services as one of affiliated companies of state-owned power utility are expected to support in achieving the goal.

Meanwhile, since SHI has extensive track record of biomass-firing boilers which PJB services appraised, both parties reached agreement to conclude MoU to achieve decarbonization and carbon neutral in the energy sector in Indonesia through mutual cooperation between SHI and PJB Services.

Indonesia has abundant biomass resources which is expected to be utilized as renewable energy source. SHI continuously strives to support decarbonization in Indonesia by effective use of biomass resources through SHI’s product, technologies, and knowledge and to contribute realization of carbon neutral society in Indonesia.

【Outline of PJB Services】