Green COP Announces Strategic Collaboration with IOI

Innovative biofuel solutions company Green COP, has announced a strategic collaboration with IOI Corporation Berhad (IOI), a leading global integrated palm oil player.

Leveraging IOI’s expertise in creating a sustainable palm oil supply chain along with Green COP’s innovative biofuel technology, the collaboration aims to convert empty fruit bunches (EFB), a by-product of palm oil processing, into sustainable biofuels.

Under the partnership, IOI will play a crucial role in supporting the pilot plant including providing the required feedstock, space and utilities.

Green COP, with its proprietary technology, specializes in the efficient conversion of lignocellulosic biomass, including EFB, into biofuels through a patented pre-treatment and fermentation process. This innovative and cost-effective approach not only maximizes resource utilization but also minimizes waste generation, contributing to the circular economy and environmental sustainability.

“We are thrilled to embark on this collaboration with IOI,” said Dr. Hanson Lee, co-founder and Chief Executive Officer of Green COP. “By combining IOI’s expertise in sustainable palm oil production with Green COP’s innovative biofuel technology, we aim to create sustainable biofuels solution that have a positive impact on the environment and society.”

The partnership will set up a pilot plant at an IOI palm oil mill site capable of processing a ton of biomass daily to produce sustainable biofuels. These biofuels, designed as drop-in fuels for ships, can be easily integrated without extensive ship modifications.

Green COP’s biofuels have a shelf life exceeding 24 months and reduce nitrogen oxides (NOx) emissions by 30%, making them a convenient and straightforward choice for transitioning to sustainable marine fuels.