Green COP, a sustainable fuel solutions startup based in Singapore, has concluded its angel investment round with a curated group of investors, including Ken Energy.
The funding size has not been disclosed.
The company will use funds to establish a sustainable biofuels pilot plant with a one-tonne daily production capacity. A portion of the capital will be used to bolster market outreach to nurture a sustainable economy within the maritime and transportation sectors.
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“This funding enables us to launch a pilot biofuels plant, a transformative milestone in our startup journey,” said Hanson Lee, Co-Founder and CEO of Green COP.
The deeptech startup has also appointed maritime veteran Teo Teng Seng as Chairman.
Green COP produces sustainable biofuels derived from biowaste, strategically focusing on fostering a circular economy in the maritime and transportation sectors. Its patented pre-treatment and fermentation technology yields more efficient drop-in fuels that seamlessly integrate with existing infrastructure, facilitating a smooth transition to sustainable energy solutions.
Unlike traditional fuels, Green COP’s colourless alcohol-based biofuels offer a cleaner, eco-conscious energy alternative. Its biofuels have an extended shelf life of more than 24 months, contributing to a 30 per cent reduction in Nitrogen Oxide (NOx) emissions.
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According to the company, it has formed a strategic collaboration with a leading global integrated palm oil player to transform biowaste into sustainable biofuels.
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