Indonesia has just changed the rules on its municipal organic waste. Perpres 109/2025 created a regulator-mandated market for non-thermal waste-to-biomethane. Indonesia has zero operating capacity to serve it. Malaysia has three. USD 40 million single-LP raise deploys the first three plants, delivering portfolio Project IRR of 25.7% and Equity IRR of 54.2% over a 25-year concession.

Regulator-created market

Perpres 109/2025 mandates non-thermal AD for wet organic waste

Zero-capacity first-mover

Indonesia 0 operating plants · Malaysia operates 3 (Penang reference)

3 SPVs · 1,065 tpd

USD 40M deploys PD Pasarjaya · Bandung · Lampung Selatan

25.7% / 54.2%

Portfolio Project IRR · Portfolio Equity IRR at base case