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GRP: Support Carbon Neutrality 2060, GRP Signs MoU with FFI and KADIN

The Indonesia Net Zero Summit: Industrial Decarbonization at All Cost, held on 11 November in Bali, opens a new chapter in the country’s journey towards achieving Net Zero Emissions. Across five panel discussions, and with fireside chats as well as breakout sessions in between, the summit put leading industry actors on center stage as they shared invaluable learnings gained from their respective company/organization’s efforts in taking the necessary climate actions. Among these companies was Gunung Raja Paksi (GRP),  who is taking real actions to reduce emissions along and beyond their value chain.

Alongside Fortescue Future Industries (FFI), PT Gunung Raja Paksi Tbk (GRP) – a member of Gunung Steel Group and one of the largest steelmakers in Indonesia – will investigate how green hydrogen and green ammonia supplied by FFI could be used to help decarbonise GRP’s steelmaking factories. The use of green hydrogen could allow GRP to produce low-emission steel in what is a particularly hard-to-abate sector. They plan to launch a Technical Feasibility Study to explore opportunities to use green hydrogen and/or green ammonia as an alternative fuel source to transform the upstream steelmaking process, which includes Direct Reduced Iron (DRI) and Hot Briquetted Iron (HBI), as well as the modification of the existing and future steelmaking process at GRP’s steel-making plant in West Java.

Read more about the news here.

During the summit, Kelvin Fu, Managing Partner of Gunung Capital, was present as a panelist for the second panel discussion, “Call for Ambitions: Hard to Abate Industries”.

The Indonesia Net Zero Summit 2022 became an opportunity for leading actors and companies in the national net zero movement such as GRP to accelerate collective actions in building a low-carbon economy and realizing a climate-resilient Indonesia.

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