On Thursday, Bain Capital Private Equity announced the completion of a deal to acquire a stake in renewable fuel producer EcoCeres Inc, as the Boston-based investor seeks to increase its sustainable investment.
Bain stated that it invested $400 million in growth capital for a significant stake in the company, making it one of Asia’s largest ESG transactions.
According to the company’s website, EcoCeres’ products include biodiesel from waste greases such as palm oil mill wastewater and used cooking oil.
According to Bain, the new funds will be used to build EcoCeres facilities in Malaysia to serve international clients and increase total output capacity.
According to its website, EcoCeres’ main businesses include a biofuel plant in the eastern Chinese province of Jiangsu and two agricultural waste utilisation projects in Hebei province in northern China.