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Singaporean biofuel startup secures angel investors

Singaporean biofuel startup secures angel investors
At the investor signing ceremony on February 13, 2024, Sng Yee Ching (left), Low Wang Chang, and Dr Hanson Lee, all co-founders of Green COP, stand alongside their angel investors Teo Teng Seng, maritime industry veteran and appointed as Chairman, and Desmond Chong, Ken Energy (photo courtesy Green COP).

In Singapore, Green COP Pte Ltd has announced the successful conclusion of its angel investment round. The company has garnered substantial funding from a curated group of angel investors, including corporate investor, Ken Energy Pte. Ltd, positioning Green COP for accelerated growth and "groundbreaking advancements in the sustainability landscape."

Driving this strategic move is the appointment of Teo Teng Seng, a veteran in the maritime industry, as Chairman of Green COP.

Widely recognized for his leadership acumen and maritime expertise, Teo Teng Seng played a pivotal role in spearheading the angel investment round, providing invaluable insights and support to guide Green COP through this phase.

We are thrilled to welcome Teo Teng Seng as Chairman of our Board. His wealth of experience and strategic vision align perfectly with our goals, propelling us towards new horizons said Dr Hanson Lee, co-founder and CEO of Green COP.

Proprietary deep-tech technologies

Leveraging on patented deep-tech technologies, Green COP specializes in the production of sustainable drop-in biofuels derived from agricultural biowaste with a strategic focus on fostering a circular economy in the maritime and transportation sectors.

Unlike conventional fossil fuels, Green COP’s colorless alcohol-based biofuels offer a clean-burning, sustainable, and renewable alternative (photo courtesy Green COP).

The company has developed an end-to-end solution for biowaste such as sugarcane bagasse, corn stover, rice straw, empty fruit bunches (EFB), and palm oil mill effluent (POME).

According to the company, its proprietary feedstock pretreatment and aerobic fermentation technology is non-energy intensive and yields more efficient drop-in fuels that seamlessly integrate with existing infrastructure, facilitating a smooth transition to sustainable energy solutions.

The alcohol-based biofuels boast an extended shelf life of more than 24 months and contribute to a significant 30 percent reduction in nitrogen oxide (NOx) emissions.

Fund a pilot plant

With the newly acquired funds, the value of which has not been disclosed, the company is poised to establish a sustainable biofuels pilot plant with a daily production capacity of 1 tonne.

Furthermore, in a soon-to-be-announced development, Green COP’s strategic collaboration with a leading global integrated palm oil player aims to leverage synergies in sustainable practices, further enhancing Green COP’s capabilities in transforming biowaste into sustainable biofuels.

We are grateful for the trust and confidence demonstrated by our investors. This funding, enables us to launch a pilot biofuels plant, a transformative milestone in our start-up journey. With Mr Teo’s guidance, we are well-positioned for success in the next phase, ended Dr Hanson Lee.

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