W2 Energy signed an agreement worth $5.5 million to buy 51 percent of AM Biofuels, based in Malaysia. The acquisition will expand W2’s fuel business in Southeast Asia, as the company continues a strategy of production, blending and distribution of biofuels. AM Biodiesel’s plant, licensed under Malaysian Palm Oil Council, has the capacity of 30,000 Metric Tons per year of biodiesel production.
U.S. W2 Energy Set to Buy Malaysian Biofuel Maker
In this Issue
- News Briefing: New York, LA Take Major Steps toward Low-Carbon Future; $2Bil Raised for New Sustainable Investment Funds; Fiat Chrysler Moves into EV Charging Infra; Schneider Electric Invests in Autogrid
Institutional Investors Sharpen ESG Engagement Goals: BlackRock, NYC Comptroller's Office, Segal Marco Advisors
Special Features
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Special Report: Cleantech VC Fundraising
CleanTechIQ examines LP demand for cleantech and reveals how VC firms are successfully raising new funds.
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Special Report: Innovations in Clean Tech Finance
Project finance innovations being developed now for the clean tech sector will likely have a big impact in coming years.
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Special Report: ESG Opportunities Across Asset Classes
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