Company also receives license from Petronas enabling it to bid directly for projects
Mechanical and electrical (M&E) engineering services specialist Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998) today announced that the Company registered a 152.0% increase in revenue to RM30.88 million for the first quarter ended 30 June 2022 (1Q FY2023) compared with RM12.26 million in the corresponding quarter of the previous financial year (1Q FY2022) mainly due to higher contribution from M&E engineering business.
En. Azri Azerai, Executive Director of Bintai Kinden
Bintai Kinden reported a profit after tax (PAT) of RM968,000 for the quarter under review, which is 23.0% lower than the PAT of RM1.25 million recorded in 1Q FY2022 as gross profit margin decreased to 16.45% from 30.0% after taking into account variation orders from completed M&E projects.
The Company’s M&E engineering business contributed RM26.43 million for 1Q FY2023, which is an increase of 203.72% compared with RM8.7 million in 1Q FY2022. The concession business brought in RM3.6 million, a marginal increase compared with RM3.55 million. Bintai Kinden operates the entire in-campus accommodation for Universiti Melaka as part of a 25-year concession from Kolej Teknologi Islam Melaka Berhad (KTIMB). As of 31 March 2022, KTIMB owes Bintai Kinden an outstanding sum of RM30.18 million from the concession.
En. Azri Azerai, Executive Director of Bintai Kinden said, “We will continue to leverage on our core M&E engineering specialisation to seek opportunities in Malaysia and around the region. The surge in economic activities following the previous two years of intermittent lockdowns due to COVID-19 will definitely have positive spillover effects.”
“Through our indirect subsidiary, Johnson Medical International Sdn Bhd, we have a niche as a turnkey solutions provider of mobile, modular and offsite engineered healthcare infrastructure that we intend to expand and in which our M&E engineering services can also benefit. Through our 51%-owned subsidiary, Bintai Energy Sdn Bhd, we have been busy exploring opportunities to distribute flanges and other related piping products, the latest of which is a business collaboration agreement with PT Raintech Indo Energi.”
Bintai Energy has also recently been granted approval for a license by Petroliam Nasional Berhad under the Standardised Work and Equipment Categories Code, to bid for oil and gas (O&G) projects that come under Petronas. Bintai Kinden’s orderbook covering M&E as well as O&G projects total RM120.43 million.
Indonesian state-owned oil and gas company PT Pertamina has succeeded in re-establishing itself and made it to the 2022 Fortune Global 500 list, thereby being the only Indonesian company to be included on the list.
The building of PT Pertamina. (ANTARA/HO-PT Pertamina)
Pertamina is ranked 223rd on the list, climbing 64 places as compared to the 287th position in 2021, according to a release issued by the company on Wednesday.
In 2022, the Fortune Global 500 list places 30 world oil and gas companies in the Petroleum Refining category. Pertamina was ranked 21st, which is above Japanese petroleum company Idemitsu and Spanish multinational energy company Repsol.
State-Owned Enterprises (SOE) Minister Erick Thohir lauded Pertamina’s success in re-entering the Fortune Global 500 list, with a significant improvement in ranking.
Thohir said that Pertamina’s ranking is testament to the fact that Indonesia’s SOEs can compete with global companies.
“I highly laud the directors, commissioners, and all Pertamina personnel, who have worked hard in increasing the company’s competitiveness in the international arena,” he stated in Jakarta on Monday (August 8).
Thohir pointed out that Pertamina’s success demonstrates that SOEs are not only able to survive in the face of a pandemic but can also improve performance by making various improvements.
According to the minister, Pertamina’s achievements cannot be separated from the transformation and restructuring measures undertaken through the formation of holdings and subholdings of the company.
“Transformation through its holdings and subholdings makes Pertamina’s operations more effective and efficient because it focuses more on the core business. This is in line with our target that Pertamina must become a global energy champion company and have a valuation of US$100 billion,” he remarked.
Thohir further expressed optimism that Pertamina’s achievements would inspire other SOEs to perform better.
He also expressed confidence that other Indonesian SOEs can take a cue from Pertamina by optimally implementing necessary transformation, core values, and improvement.
“The better the performance of Indonesian SOEs, more significant will be the impact on the community, let alone until being recognized at the global level. Positive performance will certainly provide a large space for SOEs to contribute more in increasing national economic growth, maintaining market balance, as well as populist economic programs,” Thohir remarked.
In line with the SOE minister’s remarks, Pertamina CEO Nicke Widyawati said the company’s efforts to boost competitiveness were unhindered by the pandemic, and even in the midst of severe challenges, Pertamina’s financial performance soared sharply in 2021.
According to Widyawati, Pertamina’s performance has helped it climb the rankings in the Fortune Global 500 list in 2022.
“Pertamina has succeeded in increasing the company’s revenue and net profit twice as compared to the previous year. This is an extraordinary achievement in the midst of global challenges and a pandemic that has not ended,” she affirmed.
She noted that Pertamina ranked fifth on the Fortune Global list for the Southeast Asian region. Moreover, in Asia, Pertamina was ranked 105th out of the 227 companies.
“Pertamina is also ranked 12th out of the 24 companies led by female CEOs and the only company in the Petroleum Refining category led by a female CEO,” she pointed out.
Apart from making it to the 2022 Fortune Global 500 list, in September 2021, Pertamina also received an Environmental, Social, and Governance (ESG) Risk Rating of 28.1 or was assessed to be at Medium risk.
Such a global assessment has placed Pertamina in the 15th rank out of 252 oil and gas companies around the world, and at the 8th rank in the integrated oil and gas sub-industry.
“This is global acknowledgment of Pertamina’s commitment and efforts to lead energy transition and decarbonization to support Indonesia’s target of net zero emissions in 2060 as well as the achievement of the potential of renewable resources in Indonesia in the context of sustainable growth,” Widyawati explained.
In 2021, Pertamina successfully completed its business transformation by establishing six oil and gas subholdings: Upstream Subholding, Refining and Petrochemical Subholding, Commercial and Trading Subholding, Gas Subholding, Integrated Marine Logistics Subholding, and New and Renewable Energy Subholding.
Widyawati emphasized that transformation is a strategic step to adapt to future business changes. Hence, the company should move ahead in a more agile and swifter manner as well as focus on broader and aggressive business development.
“The transformation will continue to encourage Pertamina to become a world-class energy company. With the support of all stakeholders, Pertamina will fulfill the aspirations of shareholders to realize the target of ranking among the 100 world-leading companies,” she affirmed.
In 2021, Pertamina had clocked a revenue of US$57.51 billion, an increase as compared to its revenue of US$41.47 billion in 2020.
Pertamina’s net profit in 2021 had reached US$2.045 billion, which is almost twice as high as the 2020 net profit of US$1.05 billion.
Pacific Green Technologies, Inc. (the “Company” or “Pacific Green”, (OTCQB:PGTK)) announces that it has successfully completed its first milestone in the process of diversifying and regularizing its income streams. Pacific Green is transitioning from a single technology equipment provider in the marine sector to an asset-driven “build-own-operate” renewable energy and battery energy storage system (“BESS”) development company, led by the financial close in June 2022 of its first 99.98 MW project at Richborough Energy Park, as part of Pacific Green’s 1.1 GW pipeline of BESS developments in the UK. In summary:
– Successfully executed transition to renewable energy company with recurring income model from self-developed energy assets – FY22 results impacted by COVID related slowdown to marine business – 99.98 MW Richborough Battery Energy Park asset in construction, with projected commercial operations via the National Grid in June 2023 – Financial restatement reflects change in timing of milestone recognition. No impact on cash flows.
As part of this transition, along with tighter fuel spreads and COVID-19 pandemic logistical issues for the Company’s clients and suppliers in the marine sector, revenues have been reduced for the year ending March 31, 2022 to $15.44 million (FY21 revenue: $52.62 million) with a net loss for the year of US$10.75 million (FY21 net loss: US$1.81 million).
Within the stated losses includes a one-off, non-cash write-down of combined goodwill and intangible assets, totaling US$7.06 million against Chinese subsidiary Pacific Green Technologies (Shanghai) Co. Ltd. (formally Shanghai Engin Digital Technology Co. Ltd.) and Pacific Green Innoergy Technologies Ltd., acquired in 2019 and 2020, respectively.
The restatement of past financials noted in the Company’s year end filing reflects a change in the accounting treatment of the timing of revenue and expense recognition only, with no impact to cash flows, balances or the Company’s ability to undertake business development in the energy storage sector.
Over the past six months, the spread between high-sulphur and low-sulphur fuel oils has rebounded to exceed US$200 per ton. Pacific Green has witnessed a significant increase in new enquiries for its emissions control systems, commonly known as “scrubbers”, leading to further sales of the Company’s technology in the past months.
The Company has built out its BESS division, recruiting a world-class team of experts to create an industry leading platform to deliver its 1.1 GW pipeline in the UK and is now looking to expand the platform geographically.
Pacific Green has invested in its first 99.98 MW BESS project at Richborough Energy Park in the UK, supported by the Company’s 50% project equity partner, Green Power Reserves Limited, senior debt provided by Close Leasing Limited and energy optimization by Shell Energy Europe Limited. The development, Richborough Energy Park Limited, is currently in construction, with projected commercial operations commencing in June 2023.
During this period, the Company has funded the deposit to secure its second BESS development of 249 MW in the UK as part of the 1.1 GW pipeline.
About Pacific Green Technologies, Inc.
Pacific Green Technologies, Inc. is focused on addressing the world’s need for cleaner and more sustainable energy. The Company offers Battery Energy Storage Systems and Concentrated Solar Power energy solutions to compliment its marine environmental technologies division. For more information, visit Pacific Green’s website: www.pacificgreentechnologies.com
Notice Regarding Forward-Looking Statements:
This news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the construction of the 99.98 MW BESS the Company is to develop in Kent; and any potential business developments in the UK and future interest in the Company’s battery, solar and emissions control technologies.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, general economic and political conditions, the continuation of the construction of the 99.98 MW BESS, the sales of retrofit emissions control technologies and the ongoing impact of the COVID-19 pandemic. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in the Company’s annual report on Form 10-K for the most recent fiscal year, the Company’s quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact: Scott Poulter, Chairman & CEO Pacific Green Technologies T: +1 (302) 601-4659
Shenzhen Ruicycle Environmental Protection Technology Co., Ltd (also known as Hengchuang Ruineng), a battery recycling company, recently accomplished the B round of fundraising with over RMB 300 million, which is backed by Legend Capital. This round of fundraising will be mainly used to improve the development of the echelon utilized product series, the construction of new energy retired lithium battery recycling capacity, and the expansion of new lithium battery wet recycling technology.
Founded in 2017, Ruicycle is a national high-tech enterprise dedicated to “Making New Energy a Truly Green Energy”, deeply engaging in the field of recycling and comprehensive utilization of retired power batteries. It is committed to pursuing the concept of green and low-carbon development. Directing at the end of the new energy industry, Ruicycle has built an industrial ecological closed loop of large-scale automatic safe crushing, zero-pollution treatment, and high-efficiency recycling of lithium batteries based on the core technologies of lithium battery echelon utilization, material regeneration, and new material regeneration. Meanwhile, centering on the national carbon peaking and carbon neutrality policies, Ruicycle has achieved the traceability of carbon footprint and the quantification of carbon reduction, continuously making contributions to low-carbon development for the new energy industrial chain.
In 2020, Ruicycle was granted the qualifications of “Echelon Utilization White List” and “Recycling Utilization White List”, becoming the fully licensed enterprise in the lithium battery recycling industry. Ruicycles revenue exceeded RMB 1 billion with a CAGR of over 100% in 2021. Now it has been recognized as the first echelon enterprise in China’s power battery recycling and comprehensive utilization industry.
Ruicycle is the world-first company devoting intelligent management of temperature-sensing cameras to the retired battery storage field. It has established industrial bases for echelon utilization and recycling in Huizhou, Jiangmen, and Ganzhou, respectively, achieving a recycling capacity of 150,000 tons per year of retired power batteries. At the same time, Ruicycle has also been cooperating with Legend Capital’s portfolio company Milkyway, a leading dangerous chemicals logistics enterprise, to build a global leading ESG recycling system.
CHEN Zhipeng, the founder of Ruicycle, said: “We are a relatively young team. In keeping with the trend of the new energy era, we are eager to learn more from industry predecessors to root in the physical manufacturing industry more deeply. At the same time, we look forward to having more aspiring youngsters join us to create an efficient organization and together make contributions to the globalization of new energy industrialization experience.
Legend Capital’s investments in the carbon-neutral field focus on energy decarbonization, vehicle electrification/intelligence, synthetic biology, etc. Energy decarbonization includes photovoltaic, wind power, and smart grid; vehicle electrification/intelligence includes lithium battery vehicles, hydrogen fuel cell vehicles, battery recycling and others.
Legend Capital has long been optimistic about investment opportunities in the new energy vehicle industry chain and has invested in a number of automation equipment, lithium batteries, and materials companies, many of which went public successfully, such as Wuxi Lead Intelligent Equipment (300450.SZ), CNGR Advanced Material (300919.SZ), Shanghai Putailai New Energy Technology (603659.SH), Shenzhen Hymson Laser Intelligent Equipments (688559.SH), Shenzhen Colibri Technologies (002957.SZ). At the same time, Legend Capital is also one of the early investors of CATL (300750.SZ).
About Legend Capital Founded in 2001, Legend Capital is a leading VC&PE investor focusing on the early-stage and growth-stage opportunities in China, with offices across Beijing, Shanghai, Shenzhen, Hong Kong, and Seoul, Korea.
It currently manages USD and RMB funds of over US$10 billion in commitments, and has invested in around 600 companies, covering technology, healthcare, consumer, enterprise service and intelligent manufacturing sectors. Rooted in China, Legend Capital participated in the rise of many world-leading companies by solid investment coverage and systematic post-investment value-add. Over the years, Legend Capital has also become a widely recognized name in bridging key resources in China and overseas through cross-border activities, and a valuable partner to Chinese and overseas investors.
Legend Capital values long-term sustainable investment and incorporates ESG into its long-term development strategy. As a UNPRI signatory since November 2019, Legend Capital is among the first group of top VC/PE firms in China to join the initiative.
Aneka Jaringan Holdings Berhad and Samaiden Group Berhadhas entered into a joint venture (JV) agreement today, which will create new revenue streams for both companies via engineering, procurement, construction & commissioning (EPCC) of solar photovoltaic (PV) systems and power plants in Indonesia.
Aneka Jaringan’s Managing Director, Pang Tse Fui and Samaiden’s Group Managing Director Ir. Chow Pui Hee [L-R]
This JV provides Samaiden access to the Indonesian market and allows Aneka Jaringan which already has a presence in Indonesia via its subsidiary, PT Aneka Jaringan Indonesia, to add to its value chain in a fast-growing segment.
Indonesia’s renewable energy (RE) sector holds promising potential. As Southeast Asia’s largest economy and with an increasing energy demand due to its rapid development, it accounts for 40% of the energy consumption in this region. As committed to the Paris Agreement, Indonesia wants to achieve net-zero emissions by 2060 or sooner. It has pledged to reduce its national carbon dioxide emission by 29% within the next decade and committed to scaling up clean power and transitioning away from coal. In line with this, Indonesia targets to have 23% of the national energy source to be RE by 2025 from the current 12%.
The country’s Ministry of Investment has highlighted that Indonesia has 97 RE projects in the pipeline worth USD12 billion. With efforts underway by Indonesia to remove entry barriers for renewables, the prospects are attractive for the RE sector, in particular solar PV systems, a clean energy technology that can be deployed rapidly in the sunshine-rich country.
The JV puts both companies in a strategic position to capitalise on the opportunities presented by Indonesia’s commitment to RE. In addition to EPCC of solar PV, the JV will provide RE and environmental consulting services, operations and maintenance (O&M) services and built-own-operate-tranfer RE facilities.
A JV company with a proposed authorised capital of IDR10.1 billion (RM3.03 million/USD0.71 million) will be incorporated in Indonesia for this purpose. The incorporation of the new JV company is scheduled to be completed by the end of August 2022 in Jakarta.
Aneka Jaringan together with its subsidiary, PT Aneka and Samaiden will hold 45% and 50% stake respectively in the JV company. The remainder shall be subscribed by Aneka Jaringan’s business partner based in Indonesia.
Commenting on the JV, Aneka Jaringan’s Managing Director, Mr Pang Tse Fui said, “This JV is in line with our growth strategy of expanding our operations in Indonesia and increasing our revenue streams. Our new Jakarta office is nearing completion, ready to welcome a new JV company and this will enable them to hit the ground running to tap into Indonesia’s 400,000 megawatt (MW) solar power potential. We are pleased to partner with Samaiden via this JV company which is expected to strengthen Aneka Jaringan’s value chain and business resilience while contributing to Indonesia’s carbon neutrality goal.”
Ir. Chow Pui Hee, the Group Managing Director of Samaiden echoed these sentiments. “Indonesia presents great potential in an area of Samaiden’s expertise – RE, in particular solar PV systems. We perceive Aneka Jaringan through its Indonesian subsidiary, as a perfect partner who has the local knowledge, network and experience that can expedite and support our geographical expansion. With over 200 completed projects under our belt, we are committed to provide our best solutions to support Indonesia’s net-zero ambition.”
Samaiden is an RE award-winning company listed on the ACE Market of Bursa Malaysia Securities Berhad. It has a proven track record in Large Scale Solar (LSS) projects, winning the ASEAN Energy Award 2017.
Aneka Jaringan is also listed on the ACE Market of Bursa Securities and has over two decades of experience in basement and foundation construction. Its subsidiary, PT Aneka, based in Jakarta, is the first regional office of Aneka Jaringan Group, and has proven steadfast growth since its establishment in 2014.
At 9:00 p.m. on July 28, Beijing time and 3:00 p.m. on July 28, Swiss time, Gotion High-Tech’s GDRs were successfully listed on the SIX Swiss Exchange with the sound of six crisp bells. The Chinese Ambassador to Switzerland, Wang Shiting, Swiss SIX Group Executive Board of Directors and head of the Global Exchange Tom Zeeb, and deputy general manager of the Shenzhen Stock Exchange, Tang Rui, delivered a speech and witnessed.
Mr. LI Chen, Vice President and Secretary of the Strategic Capital Section of International Business Section, and Mr. PAN Wang rang the bell on behalf of the Company at the SZSE and SZSE simultaneously.
President of Engineering R&D Institute
Mr. WANG Qisui, President of China Business Section
On 7.28, the listing ceremony of the first batch of GDRs for the China-Switzerland Stock Connect was held simultaneously on the SIX Swiss Exchange, the Shenzhen Stock Exchange and the Shanghai Stock Exchange. The listed companies by issuing GDRs at the SIX Swiss Exchang include Gotion High-Tech, GEM, Shanshan and Keda Manufacturing. Among them, Gotion High-Tech is the company with the largest GDR basic issuance scale at the Swiss Stock Exchange since the implementation of the China-Euro Connect and is the only Chinese company providing new energy solutions including electric vehicle (EV) batteries and energy storage systems (ESS) batteries that have been successfully listed in Switzerland so far. Mr. CAI Yi, Senior Vice President of Gotion High-Tech and President of ITRI, and Mr. WANG Qisui, President of China Business Section, delivered speeches on behalf of the Company at the SSE and SZSE respectively.
Mr. CAI Yi stated in his full English speech that the successful listing of Gotion High-Tech’s GDRs is a milestone in the Company’s internationalization process. We will continue to expand our production capacity around the world, continue to invest in research and development to ensure our leading position in battery technology, continue to maximize shareholder value, continue to contribute to society and support the families of our employees around the world.
In his speech, Mr. WANG Qisui said that the development of Gotion High-Tech is inseparable from the support of the government, the progress of Gotion High-Tech is inseparable from the opportunities of the industry, the growth of Gotion High-Tech is inseparable from its own efforts, and the future of Gotion High-Tech is inseparable from its compliance with international rules. “The successful issuance of our GDRs represents the recognition of the industry by domestic and foreign investors, and the recognition of Gotion High-tech not only shows the determination of the Chinese government to support the development of the new energy industry but also shows the confidence of Chinese enterprises to enter the international markets. It refreshes the world’s understanding of the energy revolution.”
According to information from the Shenzhen Stock Exchange, with the approval of the China Securities Regulatory Commission, Gotion High-Tech has been listed at the Swiss Stock Exchange on July 28. It is the project with the largest issuance scale and the smallest discount among the first batch of Swiss GDR issuance projects. The number of Gotion High-Tech’s GDRs placed amounted to 22,833,400 shares, accounting for 6.4% of the total equity interest after the issuance of GDRs; the offer price was US$30.00 (the offer price represented a discount of 3.5% on the previous closing price), and the gross proceeds of the GDRs were about US$685 million. After the listing of Gotion High-Tech’s GDRs, the market performance was stable. On the first day of listing, the closing price was US$30, which was the same as the offer price.
Infocus International Group is bringing back the highly recommended Carbon Capture, Utilisation and Storage (CCUS) (www.infocusinternational.com/ccus) online masterclass and it will be commencing live on the 31st October 2022 and 17th January 2023.
This course is intended for those in business, commercial and strategically focused roles within the energy sector; in particular those responsible for environmental matters, business sustainability and business transformation in areas such as oil & gas, hydrogen and industrial energy usage.
Attendees will leave with a clearly explained and independent perspective on how, where and why CCUS is happening now and could grow in future – covering the range of technological solutions and business drivers, including policy. In addition to reviewing existing CCUS approaches, the course will highlight new opportunities and integrated value creation possibilities through carbon utilisation. This will include how the fate of CCUS links to other aspects of the clean energy transition, such as clean hydrogen production, industrial decarbonisation and the transition away from oil & gas.
Past attendee from Solar Clear shared, “This course has provided a good understanding and cleared all false expectations about CCUS and of its cross entanglement to the hydrogen sector and the importance of both for decarbonising the world’s (or part of the world’s) economy.”
“The up-to-date information was provided in course. The materials were available before the course, that is why it was possible to think about questions. The course materials were logically structured. The lecturer was highly professional. The organization of course was wonderful. Thank you very much!,” said a past participant from Latvenergo.
– Understand the most challenging aspects of the clean energy transition & the role of CCUS in addressing them – Examine the various technological aspects of the CCUS value chain, from capture through to storage and/or utilisation pathways – Discuss the key economic and policy variables which will determine how CCUS plays out in different markets – Review up-to-date examples of projects and strategies from around the world, and evaluate the lessons from them – Learn the dynamics of the new competitive environment, including the risks of “business as usual” and the importance of industrial clusters in CCUS deployment – Identify approaches to sustainable strategic planning and new business opportunity assessment
Infocus International is a global business intelligence provider of strategic information and professional services for diverse business communities.
Infocus International recognises clients’ needs and responds with innovative and result oriented programmes. All products are founded on high value content in diverse subject areas, and the highest level of quality is ensured through intensive and in-depth market research from local and international insights.
Endorsed and hosted by Thailand’s Ministry of Energy, under the patronage of H.E. Supattanapong Punmeechaow, Deputy Prime Minister of Thailand, the world’s largest organiser of energy exhibitions and conferences, dmg events, presents Future Energy Asia and Future Mobility Asia. The combination of events are dedicated to accelerating ASEAN’s energy transition and clean mobility missions and will be held from 20 to 22 July 2022, at the Bangkok International Trade & Exhibition Centre (BITEC), Bangkok.
An International Renewable Energy Agency (IRENA) report estimates that by 2025, around 20% of vehicles in Southeast Asia will be electric, with around 59 million two- to three- wheelers and 8.9 million four-wheel vehicles(1). Coupled with an expected 60% increase in energy demand by 2040 due to rapid economic growth(2), Southeast Asia represents a market with opportunities for robust multi-billion investments. Strategically positioned in Southeast Asia, and having the strongest presence in automotive sector in the region, Thailand provides an ideal venue for the co-located events of Future Energy Asia and Future Mobility Asia 2022.
“On behalf of the Ministry of Energy of Thailand, we are pleased to inform you that we welcome the FEA 2022 to convene once again in Bangkok together with the FMA 2022. For this, we officially support both FEA 2022 and FMA 2022 events,” said Mr Kulit Sombatsiri, Permanent Secretary, Thailand Ministry of Energy.
“It is a great pleasure for PTT to co-host Future Energy Asia Exhibition and Summit 2022. We are delighted to welcome the industry colleagues back to Bangkok this July 20-22 in person, to connect and explore business partnerships. Established as the platform meeting points for companies and professionals in the energy industry, Future Energy Asia will present ample opportunities for you to engage in meaningful dialogues, forge partnerships and contribute to the region’s energy transition developments,” said Auttapol Rerkpiboon, President & CEO, PTT.
This unified platform, with product and solution showcases, impactful dialogues, and networking opportunities, supports the energy and mobility transitions towards a cleaner sustainable pathway. Future Energy Asia, as a leading energy transition exhibition and summit, gathers top-level stakeholders of gas, LNG, and renewables sectors whilst Future Mobility Asia represents a comprehensive showcase of clean transport mobility concepts, technologies, and innovations. More than 10,000 energy and mobility professionals from over 50 countries will convene at the event.
Future Energy Asia and Future Mobility Asia are organised by dmg events, the organisers of Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) and Gastech, the world’s largest, most important, and influential events for the oil and gas industry, convening Ministers and industry CEOs. Annually, dmg events attract more than 425,000 visitors to a portfolio of 84 exhibitions each year.
Event Highlights
a. Joint opening ceremony officiated by Deputy Prime Minister & Minister of Energy, the Kingdom of Thailand, Petroleum Authority of Thailand (PTT) CEO and PTT Exploration and Production (PTTEP) CEO, with a focus on the drive and efforts towards clean energy and mobility in Thailand b. Memorandum of Understanding (MOU) ceremony by the Thailand CCUS Technology Development Consortium c. Dedicated strategic summit, technical sessions and exhibition showcase based on the theme “Hydrogen at the heart of energy transformation” d. Country spotlight sessions which delve into Indonesia, Thailand, the Philippines and Vietnam, the most active markets representing multi-billion investment opportunities e. Highly anticipated regional event convening senior policymakers and industry CEOs across energy and clean mobility industries including: – Auttapol Rerkpiboon, CEO, PTT – Tengku Muhammad Taufik, President and Group Chief Executive Officer, PETRONAS – Dr. Twarath Sutabutr, Chief Inspector General, Ministry of Energy Thailand – Montri Rawanchaikul, Chief Executive Officer, PTTEP – Chanin Khaochan, Deputy Secretary General, Thailand Board of Investment (BOI) – Ranee Kositvanich, Deputy Governor of Fuel Management, EGAT – Joseph McMonigle, Secretary General of International Energy Forum (IEF) – Ir. Mohd Yusrizal bin Mohd Yusof, Managing Director, TNB Renewables – Nguyen Phuong Mai, Deputy Chief of the Office, Electricity and Renewable Energy Authority, Ministry of Industry and Trade (MOIT) – Anatol Feygin, Executive Vice President and Chief Commercial Officer, Cheniere Energy – Joseph T. Buckler, Senior Vice President, Global Sales and Business Development, Babcock & Wilcox – Isabel Chatterton, Asia Pacific Regional Head of Industry, Infrastructure & Natural Resources, International Finance Corporation (IFC) – Worachat Luxkanalode, Executive Director, Grab Thailand and Country Head, Grab Financial Group – Richard Hong, CEO, TUV SUD ASEAN – Kaushik Burman, Head of Global Business Development, Gogoro – Craig Knight, CEO, Hyzon Motors – Alfred Wong, Managing Director – Asia Pacific, Ballard Power Systems – Julien Perez, Strategy & Policy Vice President, OGCI – Dr. Akarin Suwannarat, Special Assistant to CEO & EVP, Energy Absolute PCL
Exhibition
Future Energy Asia will showcase global products, solutions and technologies from top players in four industry zones of “Hydrogen”, “Gas, LNG and Carbon Capture as low carbon solutions”, “Grid technologies and digitalisation” and “Renewables (solar, wind, energy storage)”.
In Future Mobility Asia, participants will get access to the clean mobility value chain including passenger and commercial vehicle original equipment manufacturers (OEM), aftermarket suppliers, battery, energy storage, charging infrastructure providers and enabling technology.
Participating companies include PTT, PTTEP, Cheniere, Dassault Systemes, SEA Electric, Babcock & Wilcox, EVIomo, Baker Hughes, Hexagon, Schneider Electric, Nogaholding, Zeiss and more.
Strategic Summits & Technical Conferences
The Future Energy Asia and Future Mobility Asia conferences feature three days of multi-stream strategic commercial and technical content with over 200 speakers from across the integrated energy and mobility value chain.
With the theme “Decarbonising ASEAN’s Energy Transition and Transformation”, Future Energy Asia will advance the ASEAN region towards a secure, affordable and low-carbon energy future, in line with the net zero mission.
Concurrently, Future Mobility Asia propels ASEAN’s mobility towards an electric, autonomous, connected and shared future, placing ASEAN at the centre stage of global clean mobility dialogues and thought leadership.
Exclusive to this event, executive committees made up of experts and policy makers representing the gas, LNG, renewables, power and mobility sector value chain shapes a world-class Future Energy Asia and Future Mobility Asia summit programmes which are relevant, practical and meaningful for industry practitioners.
“In Thailand, the Ministry of Energy is driving towards achieving two key goals; net zero by 2065, and 30% electric vehicles by 2030. These two objectives are inextricably linked and require transformative investment-backed actions across the entire value chain of energy and mobility. Other countries in ASEAN are following a similar path. Future Energy Asia and Future Mobility Asia are uniquely created, driven by these policy insights and operate to deliver a clear goal of connecting key decision makers, investors, developers to public and private sector technology, innovation, and solution partners,” said Mel Lanvers-Shah, Vice President Asia, dmg events.
About Future Energy Asia
Officially hosted by the Ministry of Energy Thailand and co-hosted by PTT, Future Energy Asia Exhibition and Summit is the region’s most important event convening Energy Ministers and industry CEOs who shape and drive the region’s energy transition pathways. Co-located with Future Mobility Asia, the 4th edition of Future Energy Asia presents an inclusive platform for over 4,000 energy professionals across the gas, LNG, renewables and power sectors. The event allows key energy stakeholders, buyers and value chain players to network, showcase innovations and realise business partnerships. For more information, please visit https://www.futureenergyasia.com.
Future Mobility Asia is presented as an integrated global exhibition and conference for all stakeholders of mobility driving forward a clean and autonomous mobility transformation in Asia. The event features an extensive display of road mobility technologies and innovations, and aims to converge more than 6,000 trade professionals, global technology thought leaders, ASEAN ministers, and transport fleet owners. Future Mobility Asia is an event organised by dmg events. For more information, please visit https://www.future-mobility.asia
dmg events is a leading organiser of face-to-face events and a publisher of trade magazines. We aim to keep businesses informed and connect them with relevant communities to create vibrant marketplaces and to accelerate their business through face-to-face events. dmg events organises more than 80 events across 25 countries, attracting over 425,000 attendees and delegates every year. The company’s portfolio of products includes many industry-leading events in the energy, construction, hospitality & design, coatings, and transportation sectors. ADIPEC, Gastech, and EGYPS are the company’s flagship energy events. For more information visit www.dmgevents.com.
Infocus International Group has announced the new dates for Energy Storage online workshop which will commence live on 4th October and 12nd December 2022.
Energy storage differs from other energy technologies in the breadth and complexity of its addressable market and revenue opportunities. This training course provides a comprehensive, business-focused analysis of these opportunities, allowing attendees to analyse, understand and segment them. While naturally focusing on battery storage, this course also covers the variety of competing storage technologies and describes the wide variety of problems energy storage seeks to solve, at a wide range of deployment sizes and timescales, including key issues around practical project delivery.
This course is ideal for those from the investment community and professionals who are working within the power sector in a commercial or business development role. It provides an independent perspective on the competing options, the economic environment in which storage projects operate, and the operational and revenue risks which are important to them.
The 4-days training programme provides a clear understanding of why and where storage markets are growing, what could limit this growth and what the future trends will be. So, if attendees are thinking of investing in or developing an energy storage business case, it provides attendees essential grounding in the core issues.
Past attendee from Tuas Power Generation shared that, “The course has been informative, very practical and covers a wide range of energy storage technology. It is a good introduction to ESS.”
“An excellent course. I will without a doubt recommend it to anyone interested in the interplay between energy storage systems, electricity networks and energy markets, policies, procurement and regulations. Trainer’s knowledge and group interaction makes the course not only highly informative, but also engaging and fun as we learn how to successfully transition to more environmentally sustainable energy systems,” said the past attendee from Department of Energy.
1. Battery storage 2. Utility-scale applications for power system optimisation 3. Decentralization (energy storage at the network edge) 4. Long-duration and alternative storage solutions
Benefits of Attending
– Gain a clear understanding of energy storage market opportunities & deployment considerations – A core focus on batteries, including clear explanations of the technologies and performance considerations (in language accessible to non-technical people) – Discuss the key project delivery issues for battery storage projects – Review up-to-date examples from around the world and the lessons from them – Understand the competitive playing field and the economic variables that impact energy storage business cases – Stay ahead of trends and emerging solutions, including growth opportunities for longer-duration storage solutions
Infocus International is a global business intelligence provider of strategic information and professional services for diverse business communities.
Infocus International recognises clients’ needs and responds with innovative and result oriented programmes. All products are founded on high value content in diverse subject areas, and the highest level of quality is ensured through intensive and in-depth market research from local and international insights.
Indonesia’s oil and gas state-owned enterprise PT Pertamina has encouraged collaboration between countries for energy transition in order to tackle global warming.
Pertamina President Director Nicke Widyawati (middle) in a B20 dialogue themed “Sustainable Finance for Climate Transition” held in Bali on Thursday, July 14, 2022. (ANTARA/HO-PT Pertamina)
“Preventing global warming and climate change is a challenge for all countries in the world, both developed and developing countries, including energy companies and industry parties,” the energy company stated in a release, Friday.
Pertamina President Director Nicke Widyawati noted that energy transition is the key to preventing catastrophic impacts of global warming and climate change, but energy transition efforts should not interfere with the unfinished development agenda in some developing countries.
Widyawati brought up this point, considering that the average energy consumption, emission expenditure, and income per capita of developing countries are generally below those of developed countries.
“Therefore, developed countries must support developing countries in the transition to sustainable energy if the world wants to have a chance to meet the global warming (reduction) target,” she stated in a dialogue themed “Sustainable Finance for Climate Transition” held in Bali on Thursday (July 14).
She remarked that Pertamina — as an energy SOE — has allocated a capital expenditure (Capex) of 14 percent of its total investment funds to support the implementation of energy transition in Indonesia. The figure is much higher than the average investment of 4.3 percent for renewable energy made by any other world energy company.
“Overcoming climate change is one of Pertamina’s Sustainability program strategies, with a target of reducing carbon emissions by 30 percent by 2030, which is above Indonesia’s nationally determined contribution (NDC) target,” Widyawati noted.
She remarked that from 2010 to 2020, the company had succeeded in reducing 6.8 million metric tons of carbon dioxide equivalents (MmtCO2E), or 27 percent, from 26 percent of the 2010 baseline.
Widyawati — who currently also serves as chair of the B20 Task Force for Energy, Sustainability, and Climate — emphasized that all energy transition efforts must be thoroughly planned in order to ensure energy security and accessibility for the entire community is well-maintained.
Pertamina will accelerate its energy transition efforts towards sustainable energy use as well as ensure a fair and affordable transition and improve energy security, she remarked.
Considering that energy transition requires high technology and costs, Widyawati further said that Pertamina is open to partnerships and collaborations with like-minded parties to encourage innovation and reduce technology costs for the transition effort.
“Pertamina’s ambition is to become a leading global energy company with a good reputation and to be recognized as a company that implements the principles of ESG (environmental, social, and governance) in an integrated manner,” she stated.
The dialog, held in a hybrid format, was also attended by Indonesian Minister of Finance Sri Mulyani, President Director of state-owned electric power corporation PLN Darmawan Prasojo, President Director of PT Pertamina Geothermal Energy (PGE) Ahmad Yunianto, and Vice President of Jinko Solar Co. Ltd. Dany Qian.
The Business 20 (B20) is the official G20 dialogue forum with the global business community. Established in 2010, B20 reserved companies and business organizations, and it is among the most prominent Engagement Groups in G20.
