New ASEAN Energy and ACTUAL Partner to Develop Net-Zero Emissions Strategy for $5B Pengerang Energy Complex

March 20, 2024
The complex has signed over $102 billion of off-take agreements with several blue-chip energy providers, including Equinor, Chevron, PTT, and Mitsui

New ASEAN Energy (NAE) and ACTUAL have entered into an agreement to develop a comprehensive net-zero emissions strategy for the $5 billion Pengerang Energy Complex (PEC), utilizing ACTUAL’s AI-driven capital planning technology.

PEC is not only expected to be one of the most competitive integrated condensate splitter and aromatics facilities but will also offer higher margins and a lower environmental footprint compared to similar plants. The complex has signed over $102 billion in off-take agreements with several blue-chip energy providers, including Equinor, Chevron, PTT, and Mitsui.

PEC's outputs are crucial for industries like textiles, bottling, housing, and pharmaceuticals and are anticipated to achieve one of the lowest carbon footprints per ton of Paraxylene produced by any facility globally. 

For the decarbonization of PEC, ACTUAL and NAE plan to repetitively investigate strategies like the construction of green renewable power plants for facility operations; blue and green hydrogen production; native green feedstocks for the production of sustainable aviation fuel; carbon capture technologies such as the use of mineralization or algae; alternative sources for industrial heat such as geothermal, among many others.

“With our focus on investing in and operating high-margin, low-carbon facilities in Southeast Asia, engaging with new and innovative ways to improve our sustainability posture is critical,” said William I.Y. Byun, CEO of NAE. “This collaboration is exciting because of the potential to show a clear, articulate pathway towards net zero for one of the premier new facilities in the region.”

About the Author

EnergyTech Staff

Rod Walton is senior editor for He has spent 14 years covering the energy industry as a newspaper and trade journalist.

Walton formerly was energy writer and business editor at the Tulsa World. Later, he spent six years covering the electricity power sector for Pennwell and Clarion Events. He joined Endeavor and EnergyTech in November 2021.

He can be reached at [email protected]

EnergyTech is focused on the mission critical and large-scale energy users and their sustainability and resiliency goals. These include the commercial and industrial sectors, as well as the military, universities, data centers and microgrids.

Many large-scale energy users such as Fortune 500 companies, and mission-critical users such as military bases, universities, healthcare facilities, public safety and data centers, shifting their energy priorities to reach net-zero carbon goals within the coming decades. These include plans for renewable energy power purchase agreements, but also on-site resiliency projects such as microgrids, combined heat and power, rooftop solar, energy storage, digitalization and building efficiency upgrades.