Biofuels Pioneer GoodFuels Closes Growth Investment Round with Social Impact Ventures

AMSTERDAM: May 16, 2018. Pioneer and market leader in sustainable, advanced biofuels for the shipping and heavy land transport sectors, GoodFuels, has secured a major investment round with Amsterdam-based investment fund Social Impact Ventures (SIV). The investment will be used to boost product development and accelerate international growth thereby making a significant contribution to reduce CO2, improve air quality and achieve global Sustainable Development Goals (SDG).

Helmer Schukken, partner of Social Impact Ventures, commented: “GoodFuels makes the heavily polluting shipping industry cleaner by developing and supplying advanced and sustainable marine biofuels. These fossil free fuels are one of the few options available today to drastically reduce the carbon footprint of shipping over the next decade, which is very much needed, as indicated by the recently published International Maritime Organisation’s (IMO) targets for a 50% reduction in CO2 by 2050. In GoodFuels and its leading Green Cargo Program, GoodShipping, we find an ambitious and impact-driven team, perfectly positioned to accelerate the transition to clean, low carbon and truly sustainable fuels. As Social Impact Ventures we are proud to support this high impact cause”

Dirk Kronemeijer, CEO, GoodFuels, added: “Of many interested investors, SIV best understood our mission to deliver both global impact as regular value creation goals. We think SIV will be a great partner to help us grow our company into the first global sustainable fuel brand in the world.

 

About GoodFuels Marine 

GoodFuels is a Netherlands-based pioneer and global marketleader in advanced and sustainable biofuels for shipping and heavy landtransport. The company has created a one-stop shop for marine and land based customers integrating the entire supply chain for truly sustainable advanced biofuels. From feedstock to tank, GoodFuel’s proposition covers elements of sourcing feedstock and ensuring its 100% sustainability, the production and refining, the global distribution, quality assurance and marketing programs with ports, governments and end clients. GoodFuels Marine has its operations RSB certified.

GoodFuels is a brand of the GoodNRG Group, which is active under various labels and companies in sales, marketing, trading, R&D and production of truly sustainable fuels for these transport segments for which biofuels is one of the best or only viable alternative in the forseeable future. Learn more about GoodFuels at www.goodfuels.com and www.goodshipping.org

 

About Social Impact Ventures www.socialimpactventures.nl

The Dutch investment fund Social Impact Ventures (Social IV) invests in fast growing, ambitious social enterprises who have a financially sound business model and a positive and measurable impact on people and/or the environment. In addition to funding, Social IV offers active venture assistance to support impact companies to be successful. Since 2015, Social IV invested in Taxi-Electric, 1% Club, Afval Loont, Bomberbot, BlackBear Carbon and Marqt.