SINGAPORE (Yosefardi) – Concord Energy has signed an agreement with Cool Planet Energy Systems to establish a joint-venture (JV) in the Asia Pacific Region.
The JV will develop commercial production facilities for the conversion of non-food biomass into biofuels and soil enhancing biochar.
Concord Energy has also made a financial investment in the Cool Planet, joining other global investors such as BP, Google Ventures, Energy Technology Ventures (GE, ConocoPhillips, NRG Energy), and the Constellation division of Exelon.
Concord Energy is one of Singapore’s leading crude oil and refined petroleum product trading companies, with businesses in Asia, Middle East, Europe, North and West Africa.
Concord is the exclusive supplier of crude oil and petroleum products to the Port Dixon refinery in Malaysia, and Concord is also currently building a 1.2 million cubic metre crude oil and oil products storage facility in Fujairah, UAE.
Other business interests include a crude oil exploration block in Indonesia, oil product storage in Indonesia, and the Dubai Mercantile Exchange.