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Biofuels: GoodFuels secures ‘major’ investment fund

22 May 2018

Netherlands-based biofuels producer for the shipping and heavy land transport sectors GoodFuels has secured a major investment round with Amsterdam-based investment fund Social Impact Ventures (SIV).

The investment will be used to boost product development and accelerate international growth, thereby making a significant contribution to reduce carbon dioxide (CO2), improve air quality and achieve global Sustainable Development Goals (SDG), it says.

“GoodFuels makes the heavily polluting shipping industry cleaner by developing and supplying advanced and sustainable marine biofuels,” comments Helmer Schukken, Partner at SIV.

“These fossil-free fuels are one of the few options available today to drastically reduce the carbon footprint of shipping over the next decade.

“There is more need for this than ever, as indicated by the recently published International Maritime Organisation (IMO) targets for a 50% reduction in CO2 by 2050.

“In GoodFuels and its leading Green Cargo Program, GoodShipping, we find an ambitious and impact-driven team, perfectly positioned to accelerate the transition to clean, low carbon and truly sustainable fuels.

“As Social Impact Ventures – we are proud to support this high impact cause.”

Dirk Kronemeijer, CEO of GoodFuels, believed SIV supports the direction of his company.

“Of many interested investors, SIV best understood our mission to deliver global impact as a regular value creation goal. We think SIV will be a great partner to help us grow our company into the first global sustainable fuel brand in the world,” he says.

Reinplus Fiwado Bunker, a subsidiary of VARO Energy, in January partnered with GoodFuels Marine to offer biofuel bunkers along inland shipping routes in the Netherlands.

RelatedBiofuel bunkers make headway into Netherlands

Photo credit: GoodFuels
Published: 23 May, 2018

 

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