ESGIN and AGRAUS RESOURCES Sign HoA to Develop Low-Carbon Projects
JAKARTA – PT ESGIN Global Partners (ESGIN) and PT AGRAUS RESOURCES (AR) have signed a Heads of Agreement (HoA) as an initial step towards forming a strategic partnership to accelerate the development of sustainable projects and strengthen the Carbon Economic Value (NEK) ecosystem in Indonesia.
The signing of the HoA took place during the Strategic Forum ‘National Carbon Market Readiness and Corporate Carbon Governance’ organised by the Indonesia Business Council for Sustainable Development (IBCSD) together with the Indonesia Carbon Trade Association (IDCTA) at the IDX Hall, Indonesia Stock Exchange (BEI), Jakarta, on Tuesday (14/7).
Through this partnership, ESGIN and AGRAUS RESOURCES are committed to exploring various opportunities for developing climate projects that have high environmental integrity, are commercially viable (bankable), and can deliver sustainable environmental, social, and economic benefits.
This HoA signing also serves as the initial foundation for both companies to formulate a Memorandum of Understanding (MoU) and a Cooperation Agreement (PKS) as the basis for implementing various strategic projects.
The two companies will identify and evaluate potential sustainable projects, exchange technical, operational, and commercial information, conduct preliminary feasibility studies, carry out technical, operational, financial, and commercial due diligence, and develop business models and investment schemes.
The collaboration is directed at accelerating the development of various climate projects in the renewable energy, waste management, circular economy, industrial decarbonisation, sustainable agriculture, and nature-based solutions sectors, as well as other projects that contribute to reducing greenhouse gas emissions.
By combining ESGIN’s capabilities in investment, climate technology, and digital infrastructure with AGRAUS RESOURCES’ experience in project development and resource management, both companies are targeting the creation of investment-ready projects that are attractive to both domestic and international investors.
Brandon Keam, Chief Executive Officer of PT ESGIN Global Partners, stated that the signing of the HoA is an important milestone in building a strategic partnership to support Indonesia’s sustainable development.
‘By integrating Artificial Intelligence, Digital MRV, Blockchain technology, and innovative carbon market solutions, we aim to deliver climate projects that produce measurable environmental impact while creating long-term economic value. Together with AGRAUS RESOURCES, we are committed to supporting the acceleration of Indonesia’s transition towards a resilient, inclusive, and globally competitive low-carbon economy,’ said Brandon in a statement on Tuesday (14/7).
As a company engaged in the Climate Economy Infrastructure sector, ESGIN will provide various technological solutions, ranging from Artificial Intelligence-based Digital Measurement, Reporting and Verification (Digital MRV), blockchain-based environmental asset infrastructure, ESG data management systems, green investment platforms, to the development and monetisation of carbon credits.
The utilisation of this technology is expected to increase transparency, accountability, and environmental integrity, as well as project readiness to participate in both national and international carbon markets.
Meanwhile, Riza Suarga, CEO of PT AGRAUS RESOURCES, assessed that the collaboration represents a shared commitment to developing innovative and commercially viable sustainable projects.
‘This collaboration reflects a shared commitment to developing innovative and commercially viable sustainable projects. By combining AGRAUS RESOURCES’ experience and ESGIN’s technological capabilities, we are optimistic about producing high-quality projects that support Indonesia’s green economic growth while providing sustainable benefits for all stakeholders,’ said Riza.
The partnership between ESGIN and AGRAUS RESOURCES is considered aligned with the government’s agenda in implementing Carbon Economic Value (NEK), developing green investment, decarbonising the industrial sector, and achieving national greenhouse gas emission reduction targets.
This collaboration is also expected to strengthen the pipeline of climate projects that meet international standards, are investment-worthy, and are ready to be traded through both domestic and global carbon market mechanisms.