Pertamina – PGEO teams up with Toyota to build green hydrogen ecosystem
JAKARTA – PT Pertamina Geothermal Energy Tbk (PGEO) has formed a partnership with PT Toyota Motor Manufacturing Indonesia (TMMIN) to develop a green hydrogen ecosystem in Indonesia.
The two parties signed a Joint Declaration at the 11th Indonesia International Geothermal Convention & Exhibition (IIGCE) 2025 in Jakarta on Wednesday (17/9).
Through this collaboration, PGEO and TMMIN will explore the utilisation of geothermal-based green hydrogen, including support for a future hydrogen-fuelled electric vehicle ecosystem.
The partnership is also in line with efforts to accelerate the clean energy transition and support Indonesia’s 2060 Net Zero Emission target.
PGEO President Director Julfi Hadi emphasised that developing green hydrogen is a strategic “beyond electricity” step for the company.
He said in an official statement on Tuesday (23/9),
Although economic viability remains a challenge, we are optimistic that with the right ecosystem and an applicable business model, green hydrogen can become a clean energy solution in Indonesia.
“This collaboration is expected to strengthen Indonesia’s global competitiveness,”
Meanwhile, TMMIN Technical Director Widjanarko highlighted the importance of diversifying clean energy from domestic resources.
Widjanarko said,
In the future Indonesia needs to offer a variety of energy options, from affordable to premium, with low emissions and environmentally friendly,
PGEO and Toyota have previously collaborated in several sectors, ranging from renewable energy studies to the development of lubricants, biodiesel and bioethanol.
This synergy is expected to accelerate Indonesia’s decarbonisation and energy downstreaming agenda.
As an initial step, in September PGE launched the Ulubelu Green Hydrogen Pilot Project.
The project utilises geothermal energy combined with energy-efficient electrolysis technology. In addition to production, the facility serves as a centre for technology learning, market studies and commercial testing.
In terms of share performance, in Tuesday’s (23/9) trading PGEO’s share price jumped 40 points, or 6.82%, to IDR 1,410 per share.
Over the past five days the stock has risen 3.68%, though it has fallen 2.08% over the past month. (DK/ZH)
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Pertamina – PGEO teams up with Toyota to build green hydrogen ecosystem, source
