|
|
|
|
|
|
- Proterra Investment Partners Asia's first exposure to biofuel
- Apeiron to leverage Proterra's strength in food-agriculture, natural resources and renewable feedstock |
SINGAPORE, Oct 6, 2022 - (ACN Newswire) - Apeiron Bioenergy has entered into an equity investment agreement with Proterra Investment Partners Asia. The proceeds will be used to increase the number of collection points and upgrade existing processing plants to produce feedstocks of higher specifications.
"Considering the extremely tough macro environment now, it is a testament for Apeiron Bioenergy to weather such conditions and successfully fundraise," said Chris Chen, Co-founder at Apeiron Bioenergy. "Investors believe in our business fundamentals and our vision for decarbonization. We look forward to increasing collection of used cooking oil to make an even stronger environmental and social impact."
Apeiron Bioenergy recently closed a separate equity financing round with Mitsui Chemicals. Both investments are set to position Apeiron Bioenergy for exponential growth amidst growing demand for renewable feedstock for advanced biofuels.
Exponential Growth Ahead
The global biofuel industry is projected to significantly increase by 2025. Compared to 2020, it is expected to triple in Asia, grow three-fold in Europe and six-fold in the U.S., according to a January 2021 assessment by Greenea, a broker and consultant specializing in waste-based feedstock and biodiesel*.
A leading integrated player and solutions provider in the bioenergy space, Apeiron Bioenergy collects and processes a range of renewable feedstocks including used cooking oil (UCO) and palm oil mill effluent (POME), and acts as a critical exporter across an ever-expanding Asian market. Over the past 15 years, Apeiron Bioenergy has built its presence in 10 countries, and collected more than 500 million litres of UCO between 2017-2021, offsetting an estimated 1.5 million tonnes of carbon emissions.
"Together with Apeiron, we can help organize and upcycle food waste streams across Asia and in the process support advanced biofuel development globally," said Tai Lin, Managing Partner of Proterra Investment Partners Asia. "This investment will open up collaboration opportunities for our food and farming portfolio and create some of the positive impacts that everyone is talking about."
In addition, further avenues for strategic collaboration will be made possible with Proterra Investment Partners Asia, whose food and agricultural investment management expertise and upstream connections will fast-track growth.
Industry Support
Apeiron Bioenergy has had a busy year. In May, the company received a green loan from HSBC as part of the Enterprise Financing Scheme - Green under Enterprise Singapore. This is HSBC's first EFS green loan processed under a Streamlined Certification Process to provide enterprises with simpler access to sustainable financing.
"We are grateful for the industry support which will allow us to build a collaborative community to resolve supply chain inefficiencies with Apeiron Bioenergy's multicultural and multi-jurisdictional strategy," said Richard Huang, Co-founder at Apeiron Bioenergy. "At Apeiron Bioenergy, our vision is to reduce carbon emissions across the land, sea and air transportation spaces with an efficient supply of biofuels."
For all media queries, please contact:
Chi-an Chang
Financial PR
T: +65-6438-2990
E: chi-an@financialpr.com.sg
Apeiron Bioenergy: www.apeironbioenergy.com.
Founded in 2007, Apeiron Bioenergy is an integrated global player across the entire chain of bioenergy products, from feedstock to end- and by-products. Headquartered in Singapore, it operates two refineries and nine collection warehouses across Asia; in Malaysia, Thailand, Vietnam, Philippines, Indonesia, China, the UAE, and Japan.
Proterra Investment Partners Asia: www.proterrapartners.com, https://proterraasia.com.
* Greenea, Horizon 2030: https://bit.ly/3SHtYYM
トピック: Investment
Source: Apeiron Bioenergy
セクター: Daily Finance, Energy, Alternatives, Alternative Energy, Local Biz
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
|
