INVESTMENT
TEASER
Project Green - Yogyakarta
Integrated Green Gas Refinery
Indonesia
1. EXECUTIVE SUMMARY
PT Nurin Inti Global is developing a bankable,
ready-to-build green industrial infrastructure asset. The project is an
integrated biomass-to-gas refinery that processes 280 tons per day (TPD)
of agricultural residues into a diversified portfolio of industrial gases,
bio-energy, and circular economy products.
Strategically located in the Yogyakarta region of Indonesia,
the project is designed as a commercial blueprint for a scalable regional
green gas platform.
Project Green (Integrated
Biomass-to-Gas Refinery) is a fully
integrated system converting agricultural biomass into high-value outputs,
including industrial gases, Bio-CNG, and organic fertilizer.
The project integrates the following core technologies:
- Anaerobic Digestion (AD)
- Pressure Swing Adsorption (PSA)
- Carbon capture and purification
The project is structured as a single-asset
Special Purpose Vehicle (SPV), fully equity-funded at the development
stage, with optional non-dilutive project-level debt at financial close.
2. INVESTMENT HIGHLIGHTS
Attractive Risk-Adjusted Returns
- Target Unlevered IRR: ~23%
- Payback Period: < 4 years
- Average Annual EBITDA: ~USD 10.5M
- Strong multi-revenue model reducing single-market
dependency risk
CAPEX Allocation (Total: ~USD 35M)
CAPEX estimates are based on benchmarked industrial
equipment pricing and comparable regional infrastructure projects.
- Biogas Island & AD System: USD 6.2M
(High-solids lignocellulosic digestion system) - CHP Power Generation: USD 4.3M
(~5.5 MW capacity for internal energy autonomy) - PSA Air Separation Plant: USD 9.8M
(Nitrogen & Oxygen industrial gas production core) - CO₂ & Bio-CNG Modules: USD 4.2M
(High-value byproduct recovery and upgrading systems) - Land, Civil & Development: USD 10.5M
(Including permitting, engineering finalization, and de-risking activities)
Diversified & Contracted Revenue Streams
The project adopts a contracted and diversified revenue
model designed to ensure base-load cash flow stability and maximize
value extraction from every unit of biomass feedstock.
- Industrial Gases (N₂ & O₂)
Base-load revenue (~USD 3.81M/year) supported by planned take-or-pay industrial offtake agreements - Food-Grade CO₂
High-margin recovery (~USD 2.18M/year) targeting structurally undersupplied food & beverage markets - Bio-CNG Upgrading and Distribution
(~USD 1.05M/year impact) providing direct sales and acting as a natural hedge against diesel price volatility - Organic Fertilizer
(~USD 0.99M/year) enabling circular nutrient return to local agricultural ecosystems - Carbon Credits
(~110,000+ tCO₂e avoided annually; ~USD 2.20M/year potential) via verified emissions reduction mechanisms
The multi-product structure enhances revenue resilience and
reduces exposure to single-market volatility.
Bankable Infrastructure Model
- Total CAPEX: ~USD 35M
- Fixed-price turnkey EPC structure planned
- Performance guarantees included
- Independent engineer validation
- Carbon MRV (Monitoring, Reporting, Verification)
digital tracking system
Secured Feedstock & Industrial Demand
- Long-term biomass sourcing agreements under development
- Located within a high agricultural density region
ensuring consistent feedstock supply
- Strong regional industrial demand for nitrogen, oxygen,
and CO₂
ESG & Climate Alignment
- ~110,000 tons CO₂e emissions
avoided annually
- Supports Indonesia’s national decarbonization roadmap
- Eligible for both domestic and international carbon
markets
- Fully aligned with circular economy principles
3. FINANCIAL SNAPSHOT
- Total CAPEX: ~USD 35M
- Annual EBITDA: ~USD 10.5M
- EBITDA Margin: Strong double-digit
- Payback Period: < 4 years
- Unlevered IRR: ~23%
- NPV (10% discount rate): ~USD 54M
- Revenue visibility supported by planned contracted
offtake agreements
4. SEED EQUITY OPPORTUNITY
- Instrument: Series Seed
Preferred Equity
- Target Raise: USD 2.5 – 3.0M
- Pre-Money Valuation: USD 22M (based on risk-adjusted
development-stage project valuation)
- Estimated Equity Offered: ~10%
Key Investor Protections:
- 1x Non-Participating Liquidation Preference
- Broad-Based Weighted Average Anti-Dilution
- Governance and minority protection rights included
Use of Proceeds:
- EPC structuring and contractor finalization
- Regulatory approvals and permitting completion
- Binding offtake agreements execution
- Carbon MRV system implementation
- Financial close preparation
5. RISK MITIGATION FRAMEWORK
The project adopts a structured infrastructure risk
allocation framework aligned with bankable project finance principles.
- Construction Risk:
Fixed-price EPC contract + performance bond
- Feedstock Risk:
Long-term biomass supply agreements
- Revenue Risk:
Diversified multi-product revenue streams
- Regulatory Risk:
Local advisory and compliance framework
- Carbon Market Risk:
Multi-market eligibility strategy
6. CAPITAL STRUCTURE STRATEGY
- Phase 1: Seed Equity (current raise)
- Phase 2:
Strategic Equity Tranche
- Phase 3:
Optional Project-Level Debt (non-dilutive)
Project-level debt will be ring-fenced at the SPV level
and will not dilute equity investors.
7. EXIT STRATEGY
Primary exit pathways include:
- Strategic sale to industrial gas operators
- Secondary sale to infrastructure private equity funds
- Acquisition by yield-focused asset funds
- Long-term dividend yield hold strategy
IPO remains a secondary option.
8. STRATEGIC POSITIONING
Project Green is positioned as:
“An early-stage entry into a
de-risked, ready-to-build green industrial infrastructure platform with strong
ESG alignment and infrastructure-grade returns.”
9. NEXT STEPS
Detailed project documentation will be made available upon
request, following execution of a mutual Non-Disclosure Agreement (NDA),
including:
- Full engineering and technical packages
- Detailed financial models
- Legal structure and consortium framework
- Project execution schedule
CONTACT DETAILS:
Ahmad Fakar, Managing
Director
PT. Nurin Inti Global | Email: afakar@gmail.com | Whatsapp: +62 813 6864 3249
