Climate Change

16 Nov 2023

Indonesia Says Exxon Mobil Plans to Invest up to $15 Bln in the Country

16 Nov 2023  by reuters   

ExxonMobil logo is seen in this illustration taken, October 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights
U.S. oil major Exxon Mobil (XOM.N) is planning to invest up to $15 bln in a petrochemical project and carbon capture and storage (CCS) facilities in Indonesia, the country's President, Joko Widodo, said, according to a palace statement on Thursday.

The planned CCS facilities would be the biggest in Southeast Asia. Jokowi, as the president is known, met with Exxon Chairman Darren Woods during his trip to San Francisco.


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