Apeiron Bioenergy secures equity investment from Proterra Investment Partners Asia to solidify upstream capabilities
2022年10月6日 - 11:34AM
JCN 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 has recently closed a separate equity financing
round from 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
six-fold in the U.S. and three-fold in Europe, according to a
January 2021 assessment by Greenea (https://bit.ly/3SHtYYM), 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), 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 over 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 the bank'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
muti-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: 6438-2990
E: chi-an@financialpr.com.sg
Source: Apeiron Bioenergy
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