A Logical First Step to Create a Greener Earth
15 Mar 2024
Upcycling Empty Palm Fruit Bunches into Sustainable Marine Fuels
Green COP's colorless alcohol-based biofuels offer a cleaner, eco-friendly alternative to traditional fuels, paving the way for sustainable marine fuels.
SINGAPORE, MARCH 15, 2024 – Green COP, a leading sustainability company pioneering innovative biofuel solutions, is delighted to announce a strategic collaboration with IOI Corporation Berhad (IOI), a leading global integrated palm oil player.
This collaboration marks a significant step forward in advancing sustainable biofuel production. 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 pretreatment 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."
This 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.
This partnership reflects IOI's shared commitment to environmental stewardship and sustainable development. This collaboration is expected to contribute to a greener, more sustainable future for the industry.
In addition to this collaboration, Green COP welcomes industry stakeholders to join them at the upcoming Singapore Maritime Week 2024 (SMW 2024), scheduled from April 15th to 19th. Green COP will showcase its innovative biofuel solutions, aligning with their commitment to driving innovation in the maritime and transportation sectors.
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About Green COP Pte. Ltd.
Green COP is a Singapore-based start-up dedicated to elevating sustainability within the renewable energy sector. Leveraging on patented deep-tech technologies, Green COP specializes in the production of sustainable biofuels derived from biowaste, with a strategic focus in fostering a circular economy in the maritime and transportation sectors.
About IOI Corporation Berhad (IOI)
IOI is a leading global integrated and sustainable palm oil player with a commitment to reach net zero by 2040. Listed on the Main Market of Bursa Malaysia Securities Berhad, IOI’s palm oil business consists of upstream plantations in Malaysia and Indonesia while its downstream resource-based manufacturing business includes refining of palm oil, manufacturing of oleochemical and specialty oils and fats as well as developing sustainable palm wood panels from oil palm trunks.
For media queries or further information, please contact:
Ms. SNG Yee Ching
Project Director
Email: yeeching@greencop.sg