Message from CEO
"In the pursuit of green energy, innovation and commitment to the planet go hand in hand"
CEO, Dato Husin Omar
"Countries in Southeast Asia have already taken important steps in diversifying their energy mix and have begun to reap wide-ranging socio-economic benefits as a result."
STX United Sdn. Bhd. aims at creating a renewable energy portfolio in the Southeast Asia Market, that has been dominated by conventional energy and is primarily dependent on fossil fuels.
Southeast Asia is seeing a rapid economic growth and development, combined with increasing population and urbanization, as well an improved standard of living. Regional gross domestic product sales reached USD 2.5 trillion in 2016, tripling in comparison to 2005. However, this impressive growth trajectory creates staggering energy challenges and raises acute concerns about environmental sustainability.
Energy consumption in Southeast Asia has nearly doubled between 1995 and 2015, growing at an average pace of 3.4% annually. Countries in Southeast Asia have already taken important steps in diversifying their energy mix and have begun to reap wide-ranging socio-economic benefits as a result. All countries in the region have set national renewable energy targets. The ten member states of the ASEAN, furthermore, have agreed to aim for the aspirational target of 23% renewable energy in their total primary energy supply.
We at STX United Sdn. Bhd. believe that renewable power with no fossil fuel dependency and with strong government and regulatory support is prudent business model to not only address the ever-increasing demand for energy in Southeast Asia but also to address the environmental concerns associated with conventional energy sources. Keeping this in mind, STX United Sdn. Bhd. is rapidly expanding its renewable energy plants portfolio through broad geographic presence, efficient technologies use, and multi feedstock supply chain. We are also committed to maintaining the balance between ecology, environment and community development by engaging with the local community for generating employment.