Benchmark participates in ASEAN energy transition market
Benchmark to produce very low cost hydrogen by using existing oil and gas infrastructure
In-reservoir (heavy) oil combustion pioneered by Shell over many decades has been used to produce hydrogen without emitting carbon. This is done by injecting oxygen into the reservoir, after which downhole chemical reactions oxidize residual oil and generate H2. Finally the H2 is recovered using H2 separation technology.
Nuclear
Small modular reactors (SMR)s on barges
In Sept 2023, Pertamina Power Indonesia signed an MOU with Seaborg-Denmark for the next generation nuclear power technology. Benchmark is a potential nuclear IPP developer. Nuclear power barges with a capacity of 200MW to 800MW will be considered at estimated investment of $1~3 billion. At 200MW, it is expected to save over 26 million tons of CO2 over its lifetime. Seaborg is developing its first barge with Korean Hydro & Nuclear Power (KHNP) and Samsung Heavy Industries, expected completion in 2 years.
Benchmark participates in the development of integrated supply chains for key transition minerals like nickel and copper to products like batteries and smart grids
Indonesia has abundant resources critical to the energy transition such as copper and nickel, and has in recent years made large advances towards “downstreaming” or capturing more of the downstream value chain by attracting investors to build refineries locally.
Grasberg Mine, Papua
In aggregate from 1990 through 2019, the Grasberg minerals district produced 33 billion pounds of copper and 53 million ounces of gold, including over 27 billion pounds of copper and 46 million ounces of gold from the Grasberg open pit.
Tsingshan Morowali, Sulawesi
An early investor in Indonesia, Tsingshan set up an industrial park in 2009 to produce nickel for stainless steel and started production of more refined nickel in 2023, with a targeted 50,000 ton capacity.
