THE
GREEN GAS REVOLUTION
A
Ready-to-Build, Debt-Free Pilot & Reference Plant Using Proven Industrial
Gas & Biogas Technologies for a Scalable ASEAN Platform
The
Yogyakarta Integrated Green Gas Refinery is a fully engineered, Ready-to-Build
(RTB) circular industrial gas project, intentionally developed as a commercial
pilot and reference plant for a scalable regional industrial gas platform
across Indonesia and Southeast Asia.
The
project is built entirely on proven, commercially deployed technologies—including
Anaerobic Digestion (AD) and Pressure Swing Adsorption (PSA)—that have been
implemented globally at industrial scale for decades. Project value is driven
by integration, localization, and decentralized deployment, rather than
technology innovation or experimental processes.
The
facility delivers a 23% unlevered IRR, sub-4-year payback, and five diversified
revenue streams in an under-served regional market, while remaining fully
profitable on a standalone basis.
Structured
as a 100% equity-funded strategic consortium, the project eliminates debt risk,
interest volatility, and refinancing exposure—offering immediate cash yield,
strong downside protection, and long-term ESG-aligned industrial value for
strategic and financial partners.
EXECUTIVE
SUMMARY
Strategic
Equity Consortium for the Yogyakarta Integrated Green Gas Refinery
Project
Status: Ready-to-Build (RTB) – Pre-FEED & Detailed Engineering Design (DED)
Completed
Investment Structure: 100% Equity-Funded Consortium (Debt-Free Model)
Project Developer & Operator: PT Nurin Inti Global
Location:
Yogyakarta, Indonesia
1.
Investment Thesis
A
Commercial Pilot Built on Proven Technology to Enable the Next Generation of
Industrial Gas Infrastructure
The
global industrial gas sector is undergoing a structural transition. Industrial
customers increasingly demand localized supply, cost stability, and low-carbon
credentials, while traditional centralized Air Separation Units (ASUs) remain
capital-intensive, energy-intensive, and exposed to grid volatility and
logistics risk.
The
Yogyakarta Integrated Green Gas Refinery is purpose-built to address this gap.
The
facility is intentionally developed as a fully commercial pilot and reference
plant, applying established industrial gas and biogas technologies that are
already proven in long-term commercial operation worldwide. The project is not
a technology demonstration, but a replicable industrial infrastructure model
optimized for decentralized deployment.
Unlike
grant-driven or experimental pilots, this project is:
- Construction-ready
- Commercially bankable
- Profitable as a standalone asset
- Designed to generate early and stable cash yield
- Structured as a reference model for disciplined regional replication
By
adopting a Debt-Free Equity Consortium model, the project:
- Eliminates interest rate and refinancing risk
- Accelerates capital recovery
- Allows investors to capture full operational value from Year One of stabilized production
2.
Market Opportunity & Competitive Advantage
Local
Market Inefficiency
Yogyakarta
and Central Java are structurally under-supplied in industrial gases. Nitrogen,
oxygen, and food-grade CO₂ are currently transported from distant production hubs,
resulting in:
- High logistics and trucking costs
By producing nitrogen and oxygen on-site, the project eliminates the 300+ km trucking routes currently required, instantly capturing a 'logistics premium' in the regional market.
- Supply chain vulnerability and delivery risk
- Carbon-intensive distribution
The
project establishes the first integrated green industrial gas refinery in the
region, creating a natural advantage in cost, reliability, and ESG performance
compared to centralized supply models.
Long-Term
Demand Drivers
- Healthcare expansion (medical-grade O₂)
- Food & beverage processing (ISBT-grade CO₂)
- Manufacturing and electronics (high-purity N₂)
- Energy transition fuels (Bio-CNG)
A
diversified product slate reduces single-market dependency and stabilizes cash
flow across economic cycles.
3.
Engineering Readiness & Proven Technology Platform
The
project is underpinned by 19 volumes of Pre-FEED and Detailed Engineering
Design, developed to international engineering, safety, and operability
standards.
All
core process units apply mature, commercially proven technologies with
well-established performance benchmarks.
Core
Technical Highlights
- Feedstock Processing: 280 tons/day of agricultural residue, mitigating open-field biomass burning
- Biogas Production: Anaerobic Digestion (AD) technology with decades of global commercial deployment
- Gas Separation: Pressure Swing Adsorption (PSA), the industry-standard technology for decentralized N₂ and O₂ production
- Gas Purity: Up to 99.9%, suitable for medical, industrial, and beverage applications
- Energy Autonomy: 5.5 MW Combined Heat & Power (CHP) system
- Grid Independence: Fixed-cost energy base insulated from grid price volatility
Product
Portfolio
- Nitrogen (N₂)
- Oxygen (O₂)
- Food-Grade CO₂ (ISBT compliant)
- Bio-CNG
- Premium Organic Fertilizer
This
integrated configuration converts agricultural waste into high-margin
industrial outputs while maintaining operational resilience, predictable OPEX,
and low technology risk.
4.
Consortium Structure & Capitalization
PT
Nurin Inti Global is inviting 3–4 strategic and financial partners to form an
exclusive equity consortium.
Capital
Structure
- Total Project CAPEX: USD 35 million
- Indicative Equity per Consortium Seat: ~USD 8.75 million (20%)
- Developer / Sponsor Retained Equity: 20%
Sponsor
Equity Contribution & Secured Feedstock
The
Project Sponsor, PT Nurin Inti Global, retains a 20% equity interest in the
project SPV, contributed fully in-kind rather than in cash.
This
equity reflects the monetization of critical development value already secured
by the Sponsor, including:
The Sponsor’s 20% equity reflects the conversion of 19 volumes of proprietary engineering designs, secured feedstock rights, and 35 years of senior-level project origination expertise into a bankable asset.
- Secured agricultural feedstock, supported by executed MoUs with local farmer groups, providing priority access, aggregation rights, and operational control of biomass supply
- Long-term feedstock aggregation and logistics arrangements
- A fully developed feasibility study and bankable business plan
- Completed Pre-FEED and Detailed Engineering Design (DED)
- Project origination, permitting strategy, and early-stage development risk absorption
These
contributions materially de-risk execution, shorten time-to-construction, and
enhance capital efficiency for incoming equity partners.
- Key Characteristics
- No project debt
- No interest servicing
- No refinancing risk
- Quarterly dividend distributions post-stabilization
The
structure is designed to attract industrial gas companies, infrastructure
funds, and energy transition investors seeking predictable yield with ESG
alignment and operational transparency.
5.
Financial Performance Overview
The
financial model is based on conservative pricing assumptions and validated
operational benchmarks.
- Annual EBITDA: USD 10.5 million
- Unlevered IRR: 23.4%
- NPV: USD 54.5 million (10% discount rate)
- Payback Period: 3.9 years
The
absence of leverage materially enhances downside protection and ensures capital
recovery without dependence on financial engineering.
6.
ESG Integration & Carbon Monetization
The
refinery is designed as a core ESG infrastructure asset aligned with Indonesian
and international climate frameworks.
Environmental
Impact
- Elimination of open-field biomass burning
- Methane capture and utilization
- Renewable energy integration
Digital
MRV System
A
proprietary Digital Monitoring, Reporting & Verification (D-MRV) platform
tracks emissions avoidance in real time.
- Estimated Annual Emissions Avoidance: >110,000 tCO₂e
- Carbon Revenue Potential: ~USD 2.2 million per year
Carbon
credits are compatible with the Indonesian Carbon Exchange (SPE-GRK) and
international voluntary carbon markets.
7.
Pilot-to-Platform Replication Strategy
The
Yogyakarta facility serves as a reference plant to validate:
- PSA performance and reliability
- Cost per Nm³ of N₂ and O₂
- Offtake behavior and pricing stability
- Integrated biogas-to-industrial gas operations
Following
successful operation, the platform is designed for replication through:
- Modular PSA deployment
- Site-by-site joint ventures
- Localized offtake agreements
- Industrial cluster-based expansion
This
growth strategy prioritizes risk control, capital discipline, and
speed-to-market, rather than cross-border shipment of bulk gases.
8.
Governance & Exit Options
Governance
- International-standard project controls
- Transparent reporting to consortium partners
- Independent audit readiness
Strategic
Exit Pathways
- Strategic buy-out by an industrial gas major
- IPO of the project SPV as a green infrastructure asset
- Long-term yield hold with stable dividend distribution
9.
Next Steps
Project
documentation will be provided by email upon request, following execution of a mutual
Non-Disclosure Agreement (NDA), including:
- Full engineering packages
- Financial models
- Legal and consortium framework
- Project execution schedule
Contact
Ahmad Fakar
Independent Engineering Consultant
PT Nurin Inti Global
Yogyakarta – Indonesia | 📧 afakar@gmail.com
| 📞 +62 813-6864-3249
Strategic partners are invited to engage in a confidential discussion to explore lead or co-investment participation.
