EcoCeres has announced that it has received a significant equity investment from global investor Bain Capital.
EcoCeres is an Asia-based advanced biorefinery platform with industrial-scale production capacity that converts waste-based biomass into a wide spectrum of biofuels, biochemicals and biomaterials.
The company is one of the few players in the world to produce commercialised HVO (Hydro-treated Vegetable Oil), sustainable aviation fuel and cellulosic ethanol.
It has a dedicated R&D team with strong chemical engineering backgrounds, and commercially available combined capacity of 300,000 tons per annum of HVO and SAF in operation.
Philip Siu, co-founder and CEO of EcoCeres, said: “Our partnership with a blue-chip investor like Bain Capital is yet another strong vote of confidence in our leadership in the critically important decarbonisation sector.
“It is my heartfelt belief that both Bain Capital and Kerogen Capital have made their wise decisionsto invest in EcoCeres – the innovative advanced bio-refinery platform. A good start means half success, I look forward to a strongly bonded and long-term win-win partnership to serve our common goal for a better and sustainable future.”
EcoCeres will benefit from Bain Capital’s deep industry experience and resources to further scale up international business in the global markets and advance renewable energy technologies, among other growth initiatives.
Jonathan Zhu, a partner and co-head of Bain Capital Private Equity in Asia, added: “We are highly impressed with the company’s R&D capabilities, enabling the utilisation of 100% waste-based feedstocks and the generation of significant carbon savings.
“We see an enormous opportunity for the company to help clients to achieve decarbonisation targets and ultimately become a key contributor in reducing greenhouse gas emissions globally. We look forward to joining hands with EcoCeres and other shareholders to bring the business to its full potential.”
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