Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

New ASEAN Energy Established to Invest in Fast-Growing Southeast Asian Region

HOUSTON–(BUSINESS WIRE)–New ASEAN Energy, Inc. (NAE) has been established to acquire an equity interest in a petrochemical complex in Southeast Asia, one of the fastest growing regions in the world. The complex will utilize next generation technology to generate greater efficiencies, lower production costs and low carbon and renewable energy. In recent years, the region has witnessed increasing investments in the downstream industry due to continued growth of the end-markets that consume petrochemicals – such as packaging and construction, and this project will help meet that demand.

To aid the implementation of its strategy, NAE is partnering with Singapore’s ChemOne Group, which brings a 40-year track record of developing and operating petrochemical plants across Southeast Asia. Incorporated in Delaware and headquartered in Houston, NAE’s board of independent directors includes Bobby Tudor, previously a partner with Goldman Sachs and the former Chairman and founder of Tudor, Pickering, Holt & Co., now a part of Perella Weinberg Partners; and Robert Turnham, former President, Director and founding partner of Goodrich Petroleum Corporation, a public exploration and production company for 26 years prior to its sale in 2021.

The board of directors previously included Governor Bill Richardson, former U.S. Secretary of Energy, U.N. Ambassador and Governor of New Mexico, prior to his passing. NAE is saddened by his passing and is deeply appreciative for the guidance and counsel he was able to provide, and its thoughts and prayers are with Governor Richardson’s family during this difficult time.

The Company plans to add a new independent director in the near future.

NAE is led by CEO William I.Y. Byun, a seasoned expert in infrastructure investing and renewable energy across the Asia climate sector, and CFO Mayank Vishnoi, who previously served as CEO of a listed holding company at SGX (Singapore) and worked on multiple fund-raising transactions in the infrastructure and renewable energy sectors across Southeast Asia. Both Byun and Vishnoi are also currently serving respectively as Chief Sustainability Advisor and Chief Financial Officer of ChemOne Group.

“Leading NAE’s investment and executing on our strategic goal in Southeast Asia is an executive management team and board of directors with extensive public and private sector experience in energy, sustainability, and finance,” said Byun. “We look forward to establishing and building a market leading position in this high demand business and rapidly growing area of the world.”

To learn more about NAE, please visit www.newaseanenergy.com.

Contacts

For Media Inquiries:
Brendan Terry

Lansons

brendant@lansons.com

or

New ASEAN Energy

contact@newaseanenergy.com

#FOLLOW US ON INSTAGRAM