Application §3·Partnership
Each party brings what the others cannot.
Technology and offtake from EE. Feedstock, site and commercial network from Genco. Local operating capability from PT CEAA. None of the three can deliver this alone; the application exists because the union can.
3.1Who does what
Elevated Elements leads as applicant and technology owner. Its contribution includes the proprietary pyrolysis process and the reactor configuration already implemented in Thailand capacity & operating history, alongside overall project development and management, the ISCC PLUS certification route, and the petrochemical offtake — the ExxonMobil agreement covering this facility, with specifications and pricing agreed. As lead, EE also holds the PROSPECT account and carries the applicant's responsibilities through evaluation and, if successful, contracting.
Genco, as co-applicant, anchors the input side of the project: the executed feedstock supply agreements at pre-agreed volumes and price, the site and established operating presence in Bandar Lampung, the KYC and commercial network with oil majors and traders, and the engagement of Indonesian environmental consultants for the permitting workstream.
PT CEAA, also co-applicant, carries the project on the ground — day-to-day plant operations support, local stakeholder and government engagement, and supply-chain coordination. A project SPV, formed during inception with ownership shared among the three split TBC, becomes the implementation vehicle and, in time, the operator.
Around the applicants sit the associates: the offtaker, the collector and aggregator MSMEs, the local banks and development finance institutions engaged through the access-to-finance workstream, the environmental consultants, and — optionally — an academic partner.
| Partner | Role & contribution |
|---|---|
| Elevated Elements Pte Ltd Singapore · lead applicant | Technology owner — proprietary process, Thailand-implemented reactor system reference data; project development & management; ISCC PLUS route; ExxonMobil offtake; PROSPECT submission |
| Genco Oil Limited Hong Kong · co-applicant | Executed feedstock agreements at pre-agreed volumes and price; site & operating presence in Bandar Lampung; KYC network with oil majors and traders; environmental consultant engagement |
| PT CEAA Indonesia · co-applicant | Registered local operating partner: plant operations support, local stakeholder and government engagement, supply-chain coordination |
| Project SPV Indonesia · to be formed | Implementation vehicle formed during inception; ownership Genco / EE / PT CEAA split TBC |
| Associates | ExxonMobil (offtaker); collector & aggregator MSMEs; local banks and DFIs; environmental consultants; academic partner optional |
flowchart TB
EE["Elevated Elements<br/>Singapore — lead applicant<br/>technology · offtake · certification"]
GEN["Genco Oil Limited<br/>Hong Kong — co-applicant<br/>feedstock · site · consultants"]
CEAA["PT CEAA<br/>Indonesia — co-applicant<br/>local operations · stakeholders"]
EE --> SPV
GEN --> SPV
CEAA --> SPV
subgraph SPV["Project SPV (inception) — proposed 40/40/20, TBC"]
end
SPV --> PLANT["Bandar Lampung facility<br/>10–12 t/day · ISCC PLUS oil"]
XOM["ExxonMobil<br/>offtaker — associate"] -.->|"agreed specs & pricing"| PLANT
MSME["Collector & aggregator MSMEs<br/>formalised supply chain"] -.->|"contracted volumes"| PLANT
BANKS["Banks & DFIs<br/>access-to-finance track"] -.->|"from month 10"| PLANT