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

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.”