EcoCeres Announces Significant Equity Investment From Bain Capital

Hong Kong-based EcoCeres, an innovative biorefinery company with leading R&D capabilities, has received a significant equity investment from Bain Capital Private Equity. The transaction follows the Series A investment in EcoCeres from Kerogen Capital in February 2022.

EcoCeres is an 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 commercialized HVO (Hydro-treated Vegetable Oil), SAF (Sustainable Aviation Fuel), and cellulosic ethanol.

It has a dedicated R&D team with strong chemical engineering backgrounds, and a commercially available combined capacity of 300,000 tons per annum of HVO and SAF in operation.

Through the implementation of core proprietary technologies, EcoCeres is building up distinct bio-refining capabilities to deliver decarbonization solutions.

Jonathan Zhu, a Partner and Co-Head of Bain Capital Private Equity in Asia, said, “We are highly impressed with the Company’s R&D capabilities, enabling the utilization 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 decarbonization 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.”

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.

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 decarbonization sector.”

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