New ASEAN Energy (NAE) and ACTUAL have entered into a strategic partnership aimed at developing a robust net-zero emissions strategy for the Pengerang Energy Complex (PEC), a significant industrial facility set to become a global leader in the energy sector.
Transformative Collaboration
The agreement between NAE and ACTUAL signifies a milestone in the energy market, combining NAE’s expertise in managing low-carbon petrochemical plants with ACTUAL’s AI-driven capital planning technology. This collaboration underscores a commitment to green energy policies and sustainable development.
PEC’s Environmental Impact
PEC, expected to be one of the largest integrated condensate splitter and aromatics facilities globally, has garnered substantial off-take agreements totaling over $102 billion USD with prominent energy providers. The complex is poised to achieve industry-leading benchmarks in environmental sustainability, aiming for the lowest carbon footprint per ton of Paraxylene (PX) produced.
Towards Net-Zero Emissions
The collaborative effort focuses on implementing a scientifically and technologically credible transition plan leveraging ACTUAL’s innovative technology. Strategies include the construction of renewable power plants, hydrogen production, sustainable aviation fuel production, carbon capture technologies, and alternative industrial heat sources like geothermal energy.
Industry Voices
Karthik Balakrishnan, co-founder of ACTUAL, expressed enthusiasm about the collaboration’s potential to drive PEC towards net-zero emissions. William I.Y. Byun, CEO of NAE, emphasized the significance of investing in sustainable infrastructure, highlighting the partnership’s role in demonstrating a clear pathway to net zero for premier facilities in the region.
This collaboration underscores the commitment of both entities to environmental stewardship and innovation in the energy sector, paving the way for a greener and more sustainable future.
Source：businesswire.com
