Bain Capital Private Equity has completed a significant equity investment in EcoCeres. EcoCeres is an Asia-based advanced biorefinery platform with industrial-scale production capacity that converts waste-based biomass into a wide spectrum of biofuels, biochemicals and biomaterials. It is one of the few companies in the world to produce Sustainable Aviation Fuel.
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.”
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.”
James Tam, a Partner of Bain Capital Private Equity in Asia, noted, "This investment is testimony to Bain Capital's commitment to sustainable growth and reducing climate impact. We embrace EcoCeres' vision to build a global leader in decarbonization solutions much needed by the world to attain carbon neutrality, and believe we will form a productive partnership with EcoCeres and Towngas to achieve this goal.