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Apeiron Bioenergy secures equity to solidify upstream capabilities

Apeiron Bioenergy secures equity to solidify upstream capabilities
US$ bills.

Singapore-headed Apeiron AgroCommodities Pte. Ltd rebranded and trading as Apeiron Bioenergy, one of the largest collectors and sellers of used cooking oil (UCO) in Southeast Asia and the China region, has announced that it has entered into an equity investment agreement with Proterra Investment Partners Asia.

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The proceeds from Proterra Investment Partners Asia, the value of which has not been disclosed, 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. Investors believe in our business fundamentals and our vision for decarbonization. We look forward to increasing the collection of used cooking oil to make an even stronger environmental and social impact, said Chris Chen, Co-founder of Apeiron Bioenergy.

The company has recently closed a separate equity financing round from Mitsui Chemicals.

Poised for exponential growth ahead

Both investments are set to position Apeiron Bioenergy for exponential growth amidst growing demand for renewable feedstock for advanced biofuels.

Global ongoing HVO projects are set to bolster demand for used cooking oil (UCO) and other waste-based or renewable feedstocks (graphic courtesy Greenea).

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 United States, and three-fold in Europe, 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), palm oil mill effluent (POME) and acts as a critical exporter across an ever-expanding Asian market.

Over the past fifteen 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. 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, said Tai Lin, Managing Partner of Proterra Investment Partners Asia.

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 (EFS) – 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. At Apeiron Bioenergy, our vision is to reduce carbon emissions across the land, sea, and air transportation spaces with an efficient supply of biofuels ended Richard Huang, Co-Founder at Apeiron Bioenergy.

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