Biofuels – Apeiron Bioenergy Secures Fairness Funding from Proterra Funding Companions Asia
Picture by Steve Buissinne from Pixabay
“Contemplating the extraordinarily powerful macro atmosphere now, it’s a testomony for Apeiron Bioenergy to climate such circumstances and efficiently fundraise,” mentioned Chris Chen, Co-founder at Apeiron Bioenergy.
“Buyers imagine in our enterprise fundamentals and our imaginative and prescient for decarbonization. We look ahead to growing assortment of used cooking oil to make a fair stronger environmental and social impression.”
Apeiron Bioenergy has not too long ago closed a separate fairness financing spherical from Mitsui Chemical compounds. Each investments are set to place Apeiron Bioenergy for exponential development amidst rising demand for renewable feedstock for superior biofuels.
Exponential Development Forward
The worldwide biofuel business is projected to considerably improve by 2025 — in comparison with 2020, it’s anticipated to triple in Asia, develop six-fold within the U.S. and three-fold in Europe, in line with a January 2021 evaluation by Greenea, a dealer and guide specializing in waste-based feedstock and biodiesel.
A number one built-in participant and options supplier within the bioenergy area, Apeiron Bioenergy, collects and processes a spread of renewable feedstocks together with used cooking oil (UCO), palm oil mill effluent (POME) and acts as a essential exporter throughout an ever-expanding Asian market.
Over the previous 15 years, Apeiron Bioenergy has constructed its presence in over 10 nations and picked up greater than 500 million litres of UCO between 2017-2021, offsetting an estimated 1.5 million tonnes of carbon emissions.
“Along with Apeiron, we might help manage and upcycle meals waste streams throughout Asia and within the course of help superior biofuel growth globally,” mentioned Tai Lin, Managing Accomplice of Proterra Funding Companions Asia.
“This funding will open up collaboration alternatives for our meals and farming portfolio and create a few of the constructive impacts that everybody is speaking about.”
As well as, additional avenues for strategic collaboration can be made attainable with Proterra Funding Companions Asia, whose meals and agricultural funding administration experience and upstream connections will fast-track development.
Apeiron Bioenergy has had a busy yr. In Could, the corporate acquired a inexperienced mortgage from HSBC as a part of the Enterprise Financing Scheme – Inexperienced beneath Enterprise Singapore. That is the financial institution’s first EFS inexperienced mortgage processed beneath a Streamlined Certification Course of to offer enterprises with less complicated entry to sustainable financing.
“We’re grateful for the business help which is able to permit us to construct a collaborative group to resolve provide chain inefficiencies with Apeiron Bioenergy’s multicultural and muti-jurisdictional technique,” mentioned Richard Huang, Co-founder at Apeiron Bioenergy.
“At Apeiron Bioenergy, our imaginative and prescient is to cut back carbon emissions throughout the land, sea and air transportation areas with an environment friendly provide of biofuels.”
