Ken Energy, a company dedicated to advancing sustainable energy initiatives, has announced a substantial collaboration and angel investment in Green COP, a pioneering deep-tech start-up specializing in sustainable fuel solutions.
The partnership between Ken Energy and Green COP was formalized at the Singapore Maritime Week 2024 Expo@SMW trade exhibition with the signing of a Memorandum of Understanding (MOU). This agreement underscores their joint commitment to advancing the utilization of biobutanol in maritime operations, with a focus on operational feasibility, life cycle assessment, and reduction of carbon emissions associated with conventional vessels.
Ken Energy’s dedication to fostering sustainable energy solutions, with a focus on reducing emissions and environmental impact, perfectly aligns with Green COP’s mission to transform the biofuel industry. By harnessing cutting-edge technologies, Ken Energy aims to accelerate the transition towards a more sustainable future. This strategic collaboration not only supports Ken Energy’s sustainability objectives but also aligns with its goal of promoting local innovation and start-up entrepreneurship.
Green COP, an alumni of PIER71TM and a top 3 winner of its Smart Port Challenge in 2022, specializes in producing sustainable marine biofuels from plant-based biowaste using a patented process. Their biofuels, which have a shelf life exceeding 24 months and reduce NOx emissions by 30%, present a compelling solution for transitioning to sustainable marine fuels (SMF).
Desmond Chong, Managing Director of Ken Energy, expressed his excitement about the collaboration, stating, “This strategic partnership underscores our commitment to sustainability. With our expertise in marine transportation logistics, we aim to expedite the commercial adoption of biofuels within the transportation industries.”
Dr. Hanson Lee, CEO & Co-founder of Green COP, highlighted the importance of industry support in achieving their objectives, saying, “We are encouraged by the support from industry leaders and experts. With our recent fundraising efforts and partnerships with like-minded organizations, we are on track to establish a pre-commercial production plant. We anticipate the production of our first tonne of biofuels in the third quarter of 2024.”
The collaboration between Ken Energy and Green COP marks a significant milestone in the journey towards a more sustainable future for the maritime and transportation sectors. By leveraging their expertise, innovation, and industry leadership, both companies are poised to drive positive change and make a lasting impact on global sustainability efforts.
About Ken Energy Pte. Ltd.
Ken Energy is dedicated to creating and implementing green energy solutions that prioritize emissions reduction and environmental sustainability. Through innovative technologies and a forward-thinking approach, Ken Energy believes renewable energy sources are crucial to building a greener future and is committed to making a positive impact.
About Green COP Pte. Ltd.
Green COP is a Singapore-based start-up committed to advancing sustainability within the renewable energy sector. Utilizing patented deep-tech technologies, Green COP specializes in producing sustainable biofuels derived from biowaste, with a strategic focus on fostering a circular economy in the maritime and transportation sectors.
Source Green COP Pte. Ltd.