ChemOne Group
ChemOne Group is a Singapore-based, privately-held project developer building large-scale petrochemical, renewable fuel, and forestry complexes across Southeast Asia. It develops the US$5.3 billion Pengerang Energy Complex and supplies aromatics, biofuels, and pulp to industrial offtakers.
- Company typePrivate
- Founded1980
- HeadquartersSingapore, Singapore
- Headcount501–1,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What ChemOne Group does
ChemOne Group is a Singapore-based, privately-held industrial project developer established around 1980 with reported operations spanning petrochemicals, natural resources, and green energy across Singapore, Malaysia, Indonesia, Thailand, and China. The group organizes activity into three divisions — Petrochemicals & Performance Materials, Natural Resources, and Green Energy — and develops large-scale, capital-intensive industrial complexes rather than operating them as a traditional commodity producer. Its flagship asset is the Pengerang Energy Complex (PEC) in Johor, Malaysia, a US$5.3 billion integrated facility designed to produce 2.7 million tonnes per annum of aromatics (para-xylene, benzene, toluene) and 4.0 million tonnes per annum of petroleum products, licensed under Honeywell UOP technology with a custom BED process design and engineered for 30% lower carbon emissions than conventional plants.
The company monetizes through multi-year offtake agreements with industrial counterparties, supplying aromatics to textile, packaging, and pharmaceutical manufacturers, renewable fuels to aviation and transport buyers, and pulp and biomaterials to paper and packaging customers. Pricing is commodity-benchmarked and tied to long-term contracts; customers are described generically as "blue-chip product offtake partners" with no specific buyer concentration disclosed. Complementary revenue streams include Sustainable Aviation Fuel (SAF), Hydrotreated Vegetable Oil (HVO), and bio-naphtha from the adjacent Pengerang Renewables Complex (PRC), plus pulp, biomaterials, and surplus green energy from a 160,000-hectare FSC-certified forestry project in West Kalimantan, Indonesia. The go-to-market motion is enterprise field sales targeting governments, institutional investors, export credit agencies, and industrial offtakers through multi-year project development cycles coordinated across multiple jurisdictions.
Capital is mobilized through a layered structure of export credit agency debt (US, German, Italian, Spanish, and Malaysian ECAs) and Islamic Development Bank entities, complemented by US$350 million of ICIEC Islamic insurance cover. Subsidiaries include Pengerang Energy Complex Sdn Bhd (core operating entity for PEC), PT ChemOne Indonesia (regional operations), and PT Hutan Asri Nusantara (forestry). The group operates under IFC Environmental and Social Performance Standards and Equator Principles EP4 across its development portfolio, and consolidated revenue is not publicly disclosed.
ChemOne Group firmographics
Firmographics- Name
- ChemOne Group
- Legal name
- ChemOne Group
- Website
- https://chemonegroup.com
- Company type
- Private
- Founded year
- 1980
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- ChemOne Group is a Singapore-based, privately-held project developer building large-scale petrochemical, renewable fuel, and forestry complexes across Southeast Asia. It develops the US$5.3 billion Pengerang Energy Complex and supplies aromatics, biofuels, and pulp to industrial offtakers.
- Ownership category
- akta.pro rank
ChemOne Group industry classification
Industry- Product category
- Petrochemicals Manufacturing
- NAICS
- Petrochemical Manufacturing (32511), Other Basic Organic Chemical Manufacturing (32519)
- SIC
- Industrial Organic Chemicals (2860), Chemicals & Allied Products (2800)
- akta.pro primary industry
- Aromatics (BTX: Benzene, Toluene, Xylenes) (EUALAHAC)
- akta.pro secondary industries
- Naphtha & Reformate Feedstocks (EUALAHAB), Bio-based Platform & Commodity Chemicals (e.g., bio-ethylene, bio-propylene, bio-BTX, bio-methanol) (EUAAAIAA), Steam Cracking & Feedstock Flexibility Services (Cracker optimization, feed switching, co-product recovery) (EUALAHAJ)
Keywords
Where ChemOne Group is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices2 records
Markets served
ChemOne Group business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Petrochemical Manufacturing and Sales: Revenue generated from the production and sale of aromatics (2.7 million tonnes per annum) and petroleum products (4.0 million tonnes per annum) from the Pengerang Energy Complex. Products include materials for textiles, packaging, and pharmaceuticals industries.
- Renewable Fuels Production: Revenue from producing and selling Sustainable Aviation Fuels (SAF), Hydrotreated Vegetable Oil (HVO), and Bio-Naphtha from the Pengerang Renewables Complex, with 50-90% lower CO2 emissions than fossil fuels.
- Pulp and Biomaterials: Revenue from the West Kalimantan natural resources project producing high-quality pulp and biomaterials from FSC-certified forests, with surplus green energy generation.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Multi-year contract | Long-term offtake agreements with blue-chip partners |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
ChemOne Group product offering
Product offeringCore offering
ChemOne Group develops, finances, and operates large-scale integrated petrochemical, renewable fuels, and sustainable natural resource projects across Southeast Asia. Its flagship Pengerang Energy Complex (PEC) in Malaysia produces aromatics (2.7 mmtpa) and petroleum products (4.0 mmtpa) using Honeywell UOP technology for textiles, packaging, and pharmaceuticals end-markets. The company also develops the Pengerang Renewables Complex for Sustainable Aviation Fuel (SAF), HVO, and bio-naphtha, and operates FSC-certified forestry and pulp operations across 160,000 hectares in West Kalimantan, Indonesia.
Product overview
ChemOne Group is a Singapore-based project developer operating across petrochemicals, natural resources, and green energy sectors with over 45 years of experience. The company operates three main business divisions: Petrochemicals & Performance Materials (producing aromatics and advanced materials), Natural Resources (sustainable forestry and pulp operations in Indonesia), and Green Energy (renewable fuels production). The flagship projects include Pengerang Energy Complex (PEC), a major low-carbon aromatics facility in Malaysia; Pengerang Renewables Complex (PRC) producing Sustainable Aviation Fuel and biofuels; and the Indonesia Forestry/Pulp/Paper operations spanning FSC-certified forests with kraft biorefinery capabilities.
Differentiator
Problem solved
Functional benefit
Brands
- Pengerang Energy Complex (PEC): Advanced, low-carbon petrochemical facility located in Johor, Malaysia, producing aromatics and petroleum products using Honeywell UOP technology.
- Pengerang Renewables Complex (PRC)
- Integrated & Sustainable Pulp Mill Complex
Products and services
- Pengerang Energy Complex (PEC) Advanced, low-carbon petrochemical facility in Pengerang, Johor, Malaysia, positioned within the Pengerang Integrated Petroleum Complex. One of the world's largest and most efficient aromatics plants, using Honeywell UOP LD Parex technology and naphtha feedstock to produce 2.7 mmtpa aromatics (para-xylene, benzene, toluene) and 4.0 mmtpa petroleum products for textiles, packaging, and pharmaceuticals end-markets. Designed to produce 30% fewer carbon emissions than conventional plants and developed to IFC standards and Equator Principles EP4.
- Pengerang Renewables Complex (PRC) Low-carbon energy and chemicals facility in Johor, Malaysia, integrating renewable feedstock cultivation and processing to produce Sustainable Aviation Fuel (SAF), Hydrotreated Vegetable Oil (HVO), and bio-naphtha. Located adjacent to PEC, it supplies bio-naphtha as feedstock and receives low-carbon hydrogen for processing renewable oils. Renewable diesel and SAF integration enables 60-70% carbon emissions reduction, with renewable fuels delivering 50-90% lower CO2 emissions versus fossil fuels.
- Forestry, Pulp and Paper Operations (West Kalimantan) Large-scale sustainable natural resource project in West Kalimantan, Indonesia, spanning 160,000 hectares of FSC-certified forests and agroforestry. Features a world-class kraft pulp biorefinery producing high-quality pulp, biomaterials, and surplus green electricity using fossil fuel-free production methods.
- Petrochemicals & Performance Materials Business division producing olefins, aromatics, and advanced performance materials for industries including automotive, electronics, and packaging through innovation and a strong global network. Supplies intermediates such as para-xylene, benzene, and toluene for downstream textile, packaging, and pharmaceutical manufacturers across Southeast Asia.
- Natural Resources (Forestry & Pulp) Business division developing sustainable natural resource projects including forestry and pulp operations with a focus on conservation, reforestation, and community consent. Operates the West Kalimantan FSC-certified 160,000-hectare forestry and kraft pulp biorefinery with surplus green energy generation.
- Green Energy (Renewable Fuels) Business division advancing low-carbon, circular economy solutions using renewable feedstocks across Southeast Asia to produce Sustainable Aviation Fuel (SAF), Hydrotreated Vegetable Oil (HVO), and bio-naphtha. Green energy fuels cut CO2 emissions by 50-90% versus fossil fuels.
Quantifiable outcome
- 30% fewer carbon emissions compared to conventional petrochemical plants
- +3 more outcomes
Companies that use ChemOne Group
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles4 records
ChemOne Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
ChemOne Group partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Blue-chip feedstock supply and product offtake partnerscoreUS$102 billion worth of strategic feedstock supply and product off-take agreements securing input materials and sales commitments for PEC.
- Honeywell UOPcoreTechnology licensing for world-scale aromatics plant using Honeywell UOP technology including LD Parex technology for aromatics separation.
- Maire TecnimontminorItalian engineering and technology partner; silver sponsor for 76th Anniversary of Italian Republic Gala Reception with PEC.
- International Finance Corporation (IFC)coreProject developed to IFC Environmental and Social Performance Standards, globally recognized as benchmark for environmental and social risk management in private sector.
- Equator Principles AssociationcoreProject developed to Equator Principles (EP4), providing framework for financial institutions to identify, assess and manage environmental and social risks.
- WE CARE Community ServicesminorCharitable partnership; ChemOne is a platinum donor and participant in WE CARE Charity Golf events supporting addiction recovery programs.
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
ChemOne Group competitors and assessment
Company assessmentDirect peers
- PTT Global Chemical: Thailand's leading integrated petrochemical company with aromatics (paraxylene, benzene), olefins, and renewable/circular economy initiatives. Closely comparable on Asian petrochemical scale and a similar ambition to grow downstream into renewables and high-value materials.
- Neste: Global leader in renewable fuels (SAF, renewable diesel/HVO) and a like-for-like comparator for ChemOne's Pengerang Renewables Complex on renewable feedstock refining, drop-in fuel certification, and policy-driven offtake economics.
- Hengli Petrochemical: Chinese integrated petrochemical major with large-scale aromatics (PTA/paraxylene) and refining operations. Comparable to ChemOne's PEC on integrated aromatics scale and naphtha feedstock value chain.
- Petronas Chemicals Group: Malaysia's largest integrated petrochemicals producer and a fellow operator in the Pengerang Integrated Petroleum Complex. Directly comparable on aromatics, olefins, and derivatives product mix, Malaysian regulatory environment, and regional customer base.
Broad incumbents
- APRIL Group: Major Indonesian pulp, paper, and renewable energy producer operating in Riau, Sumatra with FSC-certified forestry concessions. Comparable to ChemOne's West Kalimantan forestry and pulp project on Indonesian regulatory environment, forestry scale, and biorefinery integration with green power.
- SCG Chemicals: Thai integrated chemicals and refining-petrochemical platform with growing circular and renewable chemicals exposure. Comparable as a broader Southeast Asian incumbent with both petrochemical and sustainable materials ambitions, though significantly larger and more diversified than ChemOne.
- INEOS: Global petrochemicals major producing aromatics, olefins, and a growing portfolio of sustainable chemicals. Relevant comparability on Honeywell UOP technology adoption, large-scale aromatics operations, and decarbonization roadmap for petrochemical assets.
- Reliance Industries: India's largest refining-to-petrochemicals integrated conglomerate with a separate new-energy / renewables platform. Relevant scale and strategic benchmark on portfolio integration of conventional petrochemicals with renewables, though materially larger and publicly listed.
Emerging players
- World Energy: US-based sustainable aviation fuel (SAF) specialist with global feedstock and offtake relationships. Comparable to ChemOne's PRC on SAF offtake channels, CORSIA/ICAO compliance, and pre-treatment of bio-feedstocks, but smaller and not integrated with petrochemicals.
Regional players
- SK Innovation / SK Geo Centric: Korean petrochemical and energy platform with a dedicated roadmap into renewables and battery materials. Comparable on integrated aromatics/refining business plus energy transition pivot, though focused on Korean and global markets rather than Southeast Asia.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
ChemOne Group social profiles
Digital presenceChemOne Group compliance and trust
Trust signalCompliance3 records
ChemOne Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
ChemOne Group leadership team
Management profileNumber of profiles
Profiles13 records
ChemOne Group subsidiaries and ownership
Company hierarchySubsidiaries3 records
ChemOne Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ChemOne Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ChemOne Group
What does ChemOne Group do?
ChemOne Group develops, finances, and operates large-scale integrated petrochemical, renewable fuels, and sustainable natural resource projects across Southeast Asia. Its flagship Pengerang Energy Complex (PEC) in Malaysia produces aromatics (2.7 mmtpa) and petroleum products (4.0 mmtpa) using Honeywell UOP technology for textiles, packaging, and pharmaceuticals end-markets. The company also develops the Pengerang Renewables Complex for Sustainable Aviation Fuel (SAF), HVO, and bio-naphtha, and operates FSC-certified forestry and pulp operations across 160,000 hectares in West Kalimantan, Indonesia.
Is ChemOne Group a public or private company?
ChemOne Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was ChemOne Group founded?
ChemOne Group was founded in 1980. It employs 501 to 1,000 people.
Where is ChemOne Group based?
ChemOne Group is headquartered in Singapore, Singapore, in the Asia region.
How does ChemOne Group make money?
Three revenue lines are on record. Petrochemical Manufacturing and Sales are the primary driver. The others are renewable Fuels Production and pulp and Biomaterials.
Who are ChemOne Group's main competitors?
Direct peers on record are PTT Global Chemical, Neste, Hengli Petrochemical and Petronas Chemicals Group. Broad incumbents are APRIL Group, SCG Chemicals, INEOS and Reliance Industries. World Energy is listed as an emerging player. SK Innovation / SK Geo Centric is listed as a regional player.
Does ChemOne Group have an API?
No public API is recorded for ChemOne Group.
What industry is ChemOne Group in?
ChemOne Group's product category is Petrochemicals Manufacturing. Its primary akta.pro industry code is EUALAHAC, Aromatics (BTX: Benzene, Toluene, Xylenes), with a secondary code of EUALAHAB, Naphtha & Reformate Feedstocks. Its NAICS code is 32511 and its SIC code is 2860.