Japan’s Asia Development Partners, a clean-energy investor owned by Mizuho Financial Group, has partnered with Malaysia on the launch of a $100 million venture capital fund, Putra Eco Ventures.
The Malaysian-based fund will make cleantech venture investments across South East Asia as well as focus on the development in cheap biodiesel feedstocks, including municipal waste and waste palm oil biomass, for Malaysian biodiesel plants. (NextFuels is seeking $10 million for palm oil waste-to-fuel technology)
The Malaysion interest in the fund will be managed by the Malaysian Industry-Government Group for High Technology, a public-private partnership dedicated to advancing high technology competency in Malaysia.
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