GIB Global Investment Bank announces new fund focused on green technology investments in Malaysia and Singapore
June 25, 2021
KUALA LUMPUR: Dubai-based leading investment bank GIB Global Investment Bank announces the creation of a new investment fund to tackle climate change. GIB Global Investment Bank’s green investment fund will invest in green technology and green technology investments in Malaysia and Singapore. GIB Global Investment Bank Marketing Director Michael George said in an official announcement: âWe are delighted to announce the creation of this fund which aims to become one of the largest investors dedicated to energy infrastructure and technology. renewable in the region.
âClimate change is a crisis that has an extremely significant impact on a whole range of economic activities and living conditions. We want to do our part to tackle this crisis by supporting technologies that aim to push the needle towards renewable energy and a sustainable future, âadded Michael George of GIB Global Investment Bank.
GIB Global Investment Bank announced some of its first investments in four green technology companies in the region, namely Unova Solar Panels, Grand Central Galar Asia (GCG Asia) Hydro, Blue Cycle Technologies and Vermilion Water Filters. These four infrastructures vary according to the categories of the main home. Companies are deploying innovative green technology approaches to address climate change issues. The first round of investments will be used to support capital flows, research and development and human resources.
Based in Singapore, Blue Cycle Technologies is in the automotive industry and works in alternative fuels. âWe have been working for 10 years on the refining of alternative fuels with GIB Global Investment Bank. Our fuels are used for transportation and maintenance. We prioritize filtering the fuel product for our customers and clients. Said Randy Johnson, Marketing Director of Blue Cycle Technologies.
GIB Global Investment Bank’s announcement also explained the other companies in more detail: Malaysian Grand Central Galar Asia (GCG Asia) Hydro is focused on refining and improving hydropower efficiency, while Vermilion Water Filter is an innovative water filtration infrastructure used to filter ocean water using 50% recycled material. This will help to avoid any harm or unwanted harm to any living thing in the ocean.
âIn GIB Global Investment Bank’s green investment fund, we aim to meet the future needs of the people in the community without causing damage to the environment. We have favored investment in innovative companies working in green technologies, in particular in energy production and natural resource management. Future investments could target other sectors within the ESG space based on reviews and assessments, âexplained Michael George, CEO of GIB Global Investment Bank.
The Green Investment Fund has other key investors who have partnered with GIB Global Investment Bank in previous funding rounds. GIB Global Investment Bank’s green investment fund featured investors such as Justify.com, Andrew. H Corporation and Digital Bank Exchange Singapore. âAt GIB Global Investment Bank, we hope that partnerships will increase in the future as awareness grows. We are fortunate that these investors also believe in our vision for the fund and have joined us to make it a success, âsaid Michael George, CEO of GIB Global Investment Bank.
Michael George mentioned that GIB Global Investment Bank intends to grow to become one of the largest green investment funds not only in the region, but in the world. But there is no rush for rapid expansion, he said, adding that “we will devote ourselves to focusing on harnessing resources to help our initial beneficiary companies first, before targeting them. other. There are many opportunities, âsaid Michael George, CEO of GIB Global Investment Bank.
GIB Global Investment Bank is an investment and digital bank based in Dubai, United Arab Emirates.
Grand Central Galar Asia (GCG Asia) Hydro is a Kuala Lumpur-based hydropower research and consultancy company focused on refining and improving hydropower efficiency.
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Source: GIB Global Investment Bank
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