EXECUTIVE SUMMARY
Project: Yogyakarta Integrated Green Gas & Bio-Refinery
Prepared by: PT Nurin Inti Global
Location: Yogyakarta – Indonesia
Strategic Equity Consortium for the
Yogyakarta Integrated Green Gas Refinery
- Project Status: Ready-to-Build (RTB) – Pre-FEED & DED Finalized
- Investment Structure: 100% Equity-Funded Consortium (Debt-Free Model with optional project-level debt optimization)
- Project Developer & Operator: PT Nurin Inti Global
A
Ready-to-Build Industrial Gas Infrastructure Opportunity
The Yogyakarta Integrated Green Gas Refinery is a fully
engineered, Ready-to-Build (RTB) circular industrial gas infrastructure project
processing 280 tons per day (TPD) of agricultural residues.
The project delivers:
- ~23% unlevered IRR
- Sub-4-year payback period
- Five diversified and contracted revenue streams
Strategically located in an under-supplied regional market,
the project is designed as a scalable, decentralized green gas platform
for Indonesia and Southeast Asia.
Structured as a 100%
equity-funded strategic consortium, the project minimizes financial risk by
eliminating:
- Interest rate exposure
- Refinancing risk
- Debt servicing obligations
At the same time, the structure allows for the optional
introduction of project-level debt at a later stage to optimize capital
efficiency without diluting early equity investors.
This enables:
- Early cash yield generation
- Strong downside protection
- Long-term ESG-aligned industrial value creation
This is not a pilot project. It is a fully engineered,
construction-ready industrial platform designed for replication.
1. Investment Thesis
The global industrial gas sector is undergoing a structural
transition driven by:
- Demand for localized supply
- Increasing cost volatility
- Decarbonization requirements
Traditional centralized Air Separation Units (ASU):
- Require high capital intensity
- Depend on grid power
- Are exposed to energy price volatility
The Yogyakarta Integrated Green Gas Refinery addresses this
gap through:
- Decentralized production
- Energy autonomy
- Integrated circular processing
By adopting a Debt-Optimized Equity Consortium model,
the project:
- Accelerates break-even
- Enables early dividend distributions
- Maximizes equity return capture
2. Market
Opportunity & Competitive Advantage
Local Market Inefficiency
Yogyakarta and Central Java are structurally under-supplied
in:
- Nitrogen (N₂)
- Oxygen (O₂)
- Food-grade CO₂
Current supply relies on long-distance logistics, resulting
in:
- High transportation costs
- Supply chain vulnerability
- Elevated carbon footprint
The project establishes the first integrated green gas
refinery in the region, creating:
- Structural cost advantage
- ESG-driven competitive positioning
Long-Term Demand Drivers
- Healthcare expansion (medical oxygen)
- Food & beverage processing (ISBT-grade CO₂)
- Manufacturing and electronics (high-purity nitrogen)
- Energy transition fuels (Bio-CNG)
This diversified demand base enhances revenue stability
across economic cycles.
Why Now
The project is uniquely positioned
to capitalize on:
- Rapid industrial growth in Indonesia
- Increasing demand for industrial gases
- Emergence of regulated carbon markets
Creating a first-mover advantage in decentralized green
gas infrastructure.
3. Engineering
Readiness & Technology Platform
The project is supported by 19
volumes of Pre-FEED and Detailed Engineering Design, developed to
international standards.
Project Status
- Engineering (Pre-FEED & DED) completed
- Feedstock supply under active negotiation
- Initial offtake discussions in progress
- Preparing for EPC finalization and financial close
Core Technical Highlights
- Feedstock Processing:
280 TPD agricultural residues
- Technology:
Anaerobic Digestion (AD) + PSA
- Gas Purity:
Up to 99.9%
- Energy System:
5.5 MW CHP
- Grid Independence:
Fixed-cost internal energy
Product Portfolio
- Nitrogen (N₂)
- Oxygen (O₂)
- Food-Grade CO₂
- Bio-CNG
- Organic Fertilizer
This integrated system maximizes value extraction while
ensuring operational resilience.
4. Consortium
Structure & Capitalization
PT Nurin Inti Global invites 3–5
strategic and financial partners to form an equity consortium.
Capital Structure
- Total CAPEX: USD 35 million
- Structure: Equity Consortium
- Equity per Consortium Seat: ~USD 8.75 million (20%)
- Indicative Ticket: USD 7–12 million per investor
Developer Retained Equity:
20% (development contribution)
Key Characteristics
- No initial project debt
- No interest servicing burden
- No refinancing risk
- Quarterly dividend potential post-stabilization
The structure allows future capital optimization via
project-level debt without affecting early investors.
Sponsor Contribution
The sponsor has fully funded:
- Engineering (Pre-FEED & DED)
- Feasibility studies
- Financial modeling
- Feedstock MoUs
- Development groundwork
The
sponsor’s equity reflects development value and intellectual capital
contribution.
All investors participate pari
passu within the SPV.
5. Financial
Performance Overview
Financial projections are based on conservative assumptions
and validated operational benchmarks, and remain subject to final EPC
contracting and binding offtake agreements.
- Annual EBITDA: ~USD 10.5 million
- Unlevered IRR: ~23.4%
- NPV: ~USD 54.5 million (10% discount)
- Payback Period: ~3.9 years
The absence of leverage enhances:
- Downside protection
- Cash flow visibility
- Capital recovery certainty
6. ESG
Integration & Carbon Monetization
The project is designed as a core ESG infrastructure
asset.
Environmental Impact
- Elimination of open biomass burning
- Methane capture and utilization
- Renewable energy integration
Digital MRV System
A proprietary digital MRV platform
enables:
- Real-time emissions tracking
- Transparent carbon accounting
Carbon Revenue Potential
- 110,000 tCO₂e avoided annually
- ~USD 2.2 million/year potential
Compatible with:
- Indonesian carbon exchange (SPE-GRK)
- International voluntary carbon markets
7. Governance, Replication & Exit Strategy
Governance
- International-standard project controls
- Transparent investor reporting
- Independent audit readiness
Replication Strategy
The platform is designed for:
- Multi-site deployment
- Regional expansion
- Portfolio-level scaling
Exit Options
- Strategic acquisition (industrial gas majors)
- Infrastructure fund secondary sale
- IPO (long-term option)
- Yield-based dividend hold
8. Next Steps
Detailed documentation will be available upon execution of
NDA, including:
- Engineering documentation
- Financial model
- Legal & consortium framework
- Project execution roadmap
Investment Teaser -> Click Here
Contact:
Ahmad Fakar, Managing
Director
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.
