Apeiron Bioenergy and Proterra Investment Partners Asia have entered into an equity investment agreement. The revenue will be directed at increasing the number of collection points and upgrading 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 decarbonisation. We look forward to increasing collection of used cooking oil to make an even stronger environmental and social impact.”
Apeiron Bioenergy has also recently closed a separate equity financing round from Mitsui Chemicals. Thanks to these investments Apeiron Bioenergy is expected to experience exponential growth amidst the increasing demand for renewable feedstock for advanced biofuels.
By 2025, the global biofuel industry is projected to significantly increase. It is expected to triple in Asia, grow six-fold in the US and three-fold in Europe, according to a January 2021 assessment by Greenea, a broker and consultant specialising in waste-based feedstock and biodiesel.
Apeiron Bioenergy, compiles and transforms a range of renewable feedstocks such as used cooking oil and palm oil mill effluent and acts as a critical exporter across an ever-expanding Asian market.
Over the past 15 years, Apeiron Bioenergy has been operating 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 organise 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.
This May, the company received a green loan from HSBC as part of the Enterprise Financing Scheme – Green under Enterprise Singapore.
“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.”