EcoCeres targets $1 billion Hong Kong IPO
In Hong Kong, Bain Capital-backed renewable-fuel producer EcoCeres plans to raise about $1 billion through a Hong Kong IPO and hopes to list by the end of 2026, according to two sources cited by Reuters. Bain intends to sell part of its stake, although the offering size and timing remain subject to market conditions and regulatory approval. EcoCeres produces SAF, renewable diesel and renewable naphtha from waste feedstocks including used cooking oil. Its plants in China and Malaysia have combined renewable-fuel capacity of about 770,000 tons per year, including a Malaysian facility capable of producing 420,000 tons annually.
Category: Fuels
