Green COP, a deep-tech start-up in sustainable fuel solutions, announced the successful conclusion of its angel investment round. The company has garnered substantial funding from a curated group of angel investors, including a corporate investor, Ken Energy Pte. Ltd., positioning Green COP for accelerated growth and groundbreaking advancements in the sustainability landscape.
The appointment of Mr. Teo Teng Seng, a seasoned veteran of the maritime business, as its Chairman is what is driving this calculated move. Known for his strong leadership abilities and knowledge of the marine industry, Mr. Teo was instrumental in leading the angel financing round and offered crucial advice and assistance to help Green COP navigate this exciting stage.
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Dr. Hanson Lee, co-founder and CEO of Green COP expressed, “We are thrilled to welcome Mr. Teo Teng Seng as Chairman of our Board. His wealth of experience and strategic vision align perfectly with our goals, propelling us towards new horizons.”
In a significant move that will be revealed shortly, Green COP and a major worldwide integrated palm oil player have formed a strategic partnership that will allow Green COP to take advantage of synergies in sustainable practices and increase the company’s capacity to convert biowaste into sustainable biofuels.
The angel investment round has garnered interest from visionary investors who align with Green COP’s mission of shaping a more sustainable world. Their pivotal strategic support, is expected to significantly bolster Green COP’s trajectory and future endeavours.
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“We are grateful for the trust and confidence demonstrated by our investors. This funding, enables us to launch a pilot biofuels plant, a transformative milestone in our start-up journey. With Mr. Teo’s guidance, we are well positioned for success in the next phase,” added Dr. Lee.
The company plans to build a pilot plant for sustainable biofuels with a daily production capacity of one ton using the recently obtained cash. In addition to expanding market reach, this project demonstrates Green COP’s steadfast dedication to fostering a sustainable economy in the maritime and transportation industries.
About Green COP
Green COP is dedicated to addressing the pressing global challenge of reducing carbon emissions. They provide an effective solution to the increasing carbon tax issue and promote sustainable practices – the adoption of biofuels.
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