In Bulgaria, Renewables Now reported that Hong Kong-based SAF producer EcoCeres, is planning an initial public offering (IPO) on a European stock exchange, According to a Bloomberg report, the transaction, targeted for next year, could raise between $500 million and $1 billion in proceeds, depending on market conditions, and value the entire business at about $5 billion. EcoCeres, founded by Hong Kong & China Gas Limited (Towngas), specializes in the conversion of waste into renewable fuels, renewable chemicals and materials.
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