REG - Anglo-Eastern Plant - First Commercial BioCNG Plant Completed

Anglo-Eastern PlantationsAnnouncement

02/02/2024 16:00

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RNS Number : 9177B  Anglo-Eastern Plantations PLC  02 February 2024

Anglo-Eastern Plantations Plc ("AEP")

 

First Commercial BioCNG Plant in Indonesia Completed

AEP is pleased to announce that the first commercial BioCNG/Biomethane plant
in Indonesia, located at Blankahan Palm Oil Mill, Blankahan Village, Kuala
District, Langkat Regency, North Sumatera Province, is now fully operational.

This BioCNG Plant has an installed capacity to process 1,500 m(3) Biogas/hour
or 19,000 m(3) Biogas/day which is equivalent to 760 MMBTU/day.

The Biogas Plant uses palm oil mill effluent as a feedstock and under normal
operation produces 775 m(3) Biogas/hour. The BioCNG Plant will purify the
biogas to increase the methane content and produce about 9,800 m(3) BioCNG/day
equivalent to 365 MMBTU/day. The mitigation of emission of methane gas will
result in an estimated reduction of 52,000 MT of CO(2) per year which can
generate 52,000 carbon credits per year.

Going forward, an additional Biogas Plant using Empty Fruit Bunches as a
feedstock will be installed at the Blankahan site which will increase the
BioCNG production to full capacity of 760 MMBTU/day.

This is a joint venture between AEP and Knowledge Integration Services
("KIS"), in which the bulk of the costs of building the plant have been borne
by KIS. AEP will receive payments from KIS for methane gas generated to
produce BioCNG which is sold to Buyers who will replace their fossil fuels
with this renewable BioCNG. AEP will also share 45% from the sale of carbon
credits. KIS will operate the BioCNG plant for 15 years, after which AEP will
take over the total operation and ownership of the plant without any further
revenue sharing with KIS.

AEP has also entered into a separate contract with KIS for the construction of
a second BioCNG plant at the Tasik Raja Palm Oil Mill in Torganda District,
Labuhan Batu Regency, North Sumatera Province which provides for similar
revenue sharing arrangements, with operation and ownership of the plant also
reverting to AEP after 15 years.

AEP believes that these joint venture arrangements with KIS serve to
demonstrate its commitment to reducing carbon emissions in line with AEP's ESG
obligations.

The Director of Bioenergy, Directorate General of New, Renewable Energy and
Energy Conservation (EBTKE), Ministry of Energy and Mineral Resources (ESDM),
Edi Wibowo said: "We really appreciate the success of the first BioCNG Plant
project that has been implemented by the KIS Group in Langkat. We hope that
this BioCNG plant will operate well and make a significant contribution in
supporting the energy transition in Indonesia, especially in the context of
utilizing biogas into energy"

For further information please see:
https://www.esdm.go.id/id/media-center/arsip-berita/pabrik-biocng-komersial-pertama-di-indonesia-diresmikan
(https://www.esdm.go.id/id/media-center/arsip-berita/pabrik-biocng-komersial-pertama-di-indonesia-diresmikan)
.

For further enquiry, contact:

 

Anglo-Eastern Plantations Plc

Dato' John Lim Ewe
Chuan
+44 (0)20 7216 4621

 

Panmure Gordon (UK) Limited

Dominic Morley / Amrit Mahbubani
 
     +44 (0)20 7886 2500

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