Singapore-based BECIS Commercial Industrial Solutions Holding Private Limited (BECIS) has secured a loan of USD30 million to support the deployment of bioenergy projects across Southeast Asia (SEA). The equally split financing was arranged with infrastructure financing platforms Clifford Capital and Pentagreen Capital, a Singapore-based debt financing firm established by HSBC and Temasek.
The joint green loan will be used to finance 14 separate decentralised installations to convert agricultural waste and other sustainably sourced feedstock into renewable steam across Indonesia, Thailand, Cambodia, the Philippines and India. The projects will be located at industrial and manufacturing sites of various industries, such as food and beverage, consumer goods, construction materials and agricultural products. Once operational, the facilities will help eliminate 114,404 tonnes of carbon dioxide emissions annually.