Apeiron Bioenergy secures equity investment from Proterra Investment Partners Asia to solidify upstream capabilities

- This is Proterra Investment Partners Asia's first exposure to biofuel

- Apeiron will leverage Proterra's strength in food-agriculture, natural resource sectors and renewable feedstock

Singapore, Oct 6, 2023 - (ACN Newswire) - Apeiron Bioenergy has entered into an equity investment agreement with Proterra Investment Partners Asia. The proceeds 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, said Chris Chen, Co-founder at Apeiron Bioenergy. Investors believe in our business fundamentals and our vision for decarbonization. We look forward to increasing collection of used cooking oil to make an even stronger environmental and social impact.

Apeiron Bioenergy has recently closed a separate equity financing round from Mitsui Chemicals. Both investments are set to position Apeiron Bioenergy for exponential growth amidst growing demand for renewable feedstock for advanced biofuels.

Exponential Growth Ahead

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 U.S. and three-fold in Europe, according to a January 2021 assessment by Greenea (https://bit.ly/3SHtYYM), 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 15 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.