- The Andera Partners team, Andera Infra, confirms its first partnership in the production of circular fuel, with its impact infrastructure fund “Andera Smart Infra”, dedicated to the energy transition.
- The joint venture with Clean Planet Energy aims initially to invest in three ecoPlants in France. The first ecoPlant to be launched in mid-2023.
- The announcement provides an innovative solution for the French marine and aviation industries, using Clean Planet Energy’s proprietary technology to eliminate plastic waste while reducing CO2 emissions from the environment.
LONDON, UNITED KINGDOM & PARIS, FRANCE / ACCESSWIRE / June 29, 2021 / Clean Planet Energy (CPE) and Andera Partners announced today that they have agreed to enter into a joint venture partnership to develop multiple plastic waste into circular ultra-clean fuel eco-factories across France.
As the world is plunged into a climate and plastic crisis, CPE ecoPlants provides an innovative solution to capture thousands of tonnes of non-recyclable plastic waste per year (which would otherwise be incinerated or landfilled, or exported and potentially end up in our oceans), and converting this toxic waste into ultra-clean fuels and products to support green transportation and circular plastics.
According to the trade association PlasticEurope, in 2018, the plastic recycling rate reached 32.5% in the European Union, but France is far below, at just 24.2%. In addition, recent circular economy laws in France aim to achieve a 100% circular economy for plastics by 2025, but there is still a long way to go.
Andera Partners is a major player in private equity in France and internationally. Its teams manage more than 2.8 billion euros of investments in life sciences, growth and transmission capital, transactions without a sponsor and now the energy transition. The investment in Clean Planet operations across France marks Andera’s first investment in clean fuels.
“Supporting the deployment of Clean Planet Energy in France contributes to solving the problems of mobility and the plastic environment”, comments Prune des Roches, partner of Andera’s Smart Infra fund.
Clean Planet Energy is already under construction with ecoPlants in the UK, and this latest announcement aims to increase their green footprint.
“Our partnership with Andera Partners supports our vision for clean oceans and air. Working with a like-minded group like Andera Partners enables Clean Planet to improve on our mission of eliminating over one million tonnes of non-recyclable plastic waste from our environment each year, ”comments Bertie Stephens, CEO of Clean Planet Energy.
“In France, we will develop eco-factories which each transform more than 20,000 tonnes of plastic per year into ultra-clean circular fuels. Each barrel of fuel will prevent approximately 400 kg of CO2e emissions from entering our atmosphere. Compared to fossil fuels, this is a reduction of over 75%. Together, these ultra-clean circular fuels will be used in industries in the marine, aviation, petrochemical and refining sectors, where green alternatives (such as electricity) simply do not exist. It is an immediate solution to the climate catastrophe, fueled by removing plastic waste from the earth. ”
In addition to clean fuels, a Clean Planet ecousin can also produce green naphtha, an essential raw material for creating a circular economy in recycled plastics.
Work is already underway, with the goal of launching the first Clean Planet eco-factory in mid-2023. Further information on each can be found at http://CleanPlanet.eu and https://www.anderapartners.com/
About Andera Partners
Created in 2001, Andera Partners is a major player in the investment of private companies in France and internationally. Its teams manage more than 2.8 billion euros of investments in life sciences (Andera Life Sciences), growth and transmission capital (Andera MidCap, Andera Expansion and Andera Croissance), transactions without a sponsor (Andera Acto ) and energy transition (Andera Infra).
Andera Partners’ mission is to support companies and their managers in strong and sustainable growth. The quality of the performance offered to our investors is based on a strong partnership between the entrepreneurs of our portfolio companies and our teams, based on shared values. Performance through collective commitment, the “Power of And”, constitutes the DNA of Andera Partners.
Based in Paris, with offices in Antwerp and Munich, Andera Partners is 100% owned by its teams, which include nearly 80 professionals, including 52 investment professionals. It is structured in partnership and managed by a board of directors of 10 partners. Responsible and committed, the management company regularly establishes partnerships with entities in the non-profit sector and carries out concrete actions in the fight against global warming. Andera Partners has been certified carbon neutral since 2018.
Clean planet energy
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Dr Katerina Garyfalou
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