Indonesia’s President Joko Widodo (Jokowi) met with Chairman of Exxon Mobil Corporation Darren Woods to discuss the company’s plan on investing as much as US$15 billion in the energy sector in Indonesia.

During the meeting that took place in San Francisco, the United States, on Wednesday (November 15) local time, the president welcomed Exxon’s plan to invest its capital in the development of a green petrochemical refinery and carbon capture storage (CCS) facility.

“I would like to appreciate the plan on the cooperation in developing a green petrochemical refinery and carbon capture storage facility, with the investment value reaching US$15 billion,” President Jokowi told Chairman Woods, as cited from a statement received from his secretariat in Jakarta on Thursday.

The head of state noted that the CCS facility planned to be developed by Exxon would become the largest one in the Southeast Asian region, while the petrochemical complex would emerge as one of the most advanced in the world.

“I am pleased to hear that the CCS facility will be the largest in Southeast Asia, while the petrochemical complex planned to be built by Exxon will emerge among the world’s most advanced ones,” he remarked.

Following the meeting, Foreign Affairs Minister Retno Marsudi, who accompanied the president, confirmed that Exxon is planning to build one of the most advanced green petrochemical refineries in the world.

Bearing that in mind, President Jokowi continues to push for the realization of the planned US$15 billion investment of Exxon, she stated.

The president also invited the US-based multinational oil and gas corporation to invest in the field of new and renewable energy as well as the development of green infrastructure, including in Nusantara, Indonesia’s future capital city.

Coordinating Economic Affairs Minister Airlangga Hartarto and Trade Minister Zulkifli Hasan also joined the meeting.