Daiwa Securities Group, Japan’s second largest investment bank, has acquired a 40 percent stake in Bioendev.
The acquisition is an important boost to Bioendev’s expansion plans. The company’s innovative torrefaction technology for production of biocoal (black pellets) is also a good fit for the Japanese investment bank’s portfolio of renewable energy investments. The bank started its new subsidiary focusing on renewable energy technologies as recently as October this year. Its portfolio of innovative renewable energy investments is rapidly expanding and plays a central role in Japan’s move to decrease its dependency on nuclear and fossil energy sources.
Bioenergy technologies is a strategic area of interest. Recent investments in Southeast Asia include pellets projects in Vietnam with potential to benefit from access to Bioendev’s technology.
Bioendev has has received business support from Uminova Innovation.