Jakarta, Indonesia Sentinel — Minister of Investment and Downstreaming Rosan Roeslani confirmed that ExxonMobil expressed its commitment to a substantial investment in Indonesia, particularly in carbon capture and storage (CCS) projects. The commitment was expressed by Exxon Mobile during the the meeting between US-ASEAN Business Council (US-ABC) and Indonesian President Prabowo Subianto
ExxonMobil representatives were among the delegation of American companies in the meeting held at the State Palace in Jakarta at Tuesday morning, December 3. President Director of ExxonMobil Indonesia, Carole Gall, directly conveyed the company’s plans to Prabowo during the meeting.
“Carole Gall expressed their commitment and mentioned a significant investment figure. They will focus on carbon capture storage,” Rosan told reporters on Tuesday, December 3, 2024.
ExxonMobil’s investment in CCS will surpass previous commitments made by other global energy firms. During Prabowo’s recent visit to the UK, British energy giant BP pledged $7.1 billion for CCS initiatives.
ExxonMobil, however, plans to invest up to $15 billion, equivalent to approximately Rp238.5 trillion, marking one of the largest commitments in the sector.
U.S. Business Leaders Meet with Prabowo
On Tuesday, Desember 3, President Prabowo Subianto hosted a group of American business leaders at the State Palace. Attendees included Carole Gall of ExxonMobil Indonesia, Garrick Thompson, Managing Director of FedEx Express Indonesia, and other executives representing major U.S. firms.
During this meeting, Prabowo was accompanied by key government officials, including Foreign Minister Sugiono, Coordinating Minister for Economic Affairs Airlangga Hartarto, and Minister of Investment Rosan Roeslani, alongside his brother and close advisor Hashim Djojohadikusumo.
According to CNN Indonesia, there are 50 U.S. company executives reaffirmed their intention to increase investments in Indonesia, encouraged by what they view as a favorable investment climate under Prabowo’s administration.
“They expressed confidence in President Prabowo’s leadership and his commitment to fostering a strong investment climate,” Rosan said after the meeting.
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During the discussion, Prabowo emphasized his administration’s zero-tolerance policy on corruption and pledged to enforce legal frameworks to ensure a transparent and fair investment environment.
Prabowo also stressed the importance of prioritizing local human resources in investment projects. “We expect that as they invest, they will simultaneously build and enhance the capacity of our workforce. This includes technology transfer and skill development,” he said.
The meeting underscored Prabowo’s administration’s focus on attracting foreign investment while aligning economic growth with local workforce empowerment and technological advancement.
(Raidi/Agung)
