Regaia Energy (Singapore), the main Crude Algae Oil (CAO) producer has partnered Finamatrix, a number one NAS100 risk-tech database to deal with local weather change.
Boustead Holdings Bhd (KLSE:2771)
SINGAPORE, November 7, 2022 /EINPresswire.com/ — The world’s first and solely ISCC (International Sustainability & Carbon Certification) licensed algae cultivation firm, Regaia Energy (Singapore) with Boustead (MYX: 2771) as the important thing institutional investor of the Malaysian arm, Next Generation Oil, has partnered with Finamatrix, a number one NAS100 risk-tech database agency.
With the patented Algae-Modular Automated Plantation (A-MAP) system, the manufacturing of Crude Algae Oil (CAO) is an environment friendly resolution to assuaging the local weather and power crises as 1 metric ton (MT) of CAO throughout combustion offsets >2 MT of CO2, making CAO actually carbon-negative, not simply net-zero.
Huge demand of >US$50 billion (>30 million MT) of secured orders from oil majors for CAO because of the low-cost manufacturing at costs corresponding to Saudi crude oil (approx. US$20 per barrel or US$150/MT). The present market worth of CAO is approx. US$190 per barrel or US$1424/MT (1 MT = 7.46 barrels of oil) as of 1 Nov 2022.
Similar to buying and selling crude oil, $FIX is the world’s first tradable instrument of CAO however on a safe public blockchain. 1 MT of CAO is equal to 1 $FIX which represents the bottom worth of CAO in US$/MT, recorded on the blockchain as a database (the place MV is market worth: Algae market probably value $320 billion, Bloomberg). The most provide of $FIX is 50 million.
Besides being the tradable CAO within the secondary market, $FIX will be utilized within the provide chain and commerce finance of the CAO business, fixing bottlenecks, growing productiveness and boosting inclusivity and connectivity. More particulars shall be offered at a later stage.
The worth vary of $FIX is between US$1,221 and US$1,624 since April 2022.
ALGAE PROJECT REPRESENTED BY:
Peter Kim Jae Hoon, CEO, Regaia Energy Pte Ltd (Singapore)
Peter Lim, CEO, Promise Land Pte Ltd (Singapore)
Lanz Chan, CEO, Finamatrix Pte Ltd (Singapore)
ABOUT REGAIA ENERGY
Peter Kim Jae Hoon is the Founder, CEO and principal shareholder of the Next Generation Oil Group represented by Regaia Energy Pte Ltd (Singapore). He is the inventor of the Algae-Modular Automated Plantation (A-MAP) know-how, and the principal know-how marketing consultant to the microalgae plant in Kumagaya, Nagoya, Japan and the US$220 million plant in Okinawa, Japan. He is a chemical engineer who graduated from George Mason University, Virginia (USA), and has over 35 years of worldwide expertise primarily within the USA and South Korea, conducting and overseeing analysis and improvement on biofuels within the renewable power sector. Peter has six patents to his title within the area of biofuels and renewable power.
ABOUT PROMISE LAND
Peter Lim, MBA Finance, is the Founder and CEO of Promise Land Pte Ltd (Singapore), the Mandated Lead Advisor for Regaia Energy. With over 28 years of expertise as a Senior worldwide and funding banker, Peter Lim was the GM of Investment Banking at HL Bank, Head of Corporate Investment Banking at Maybank, and Head of Technology, Media & Telco at UOB and OCBC. He has in-depth banking expertise overlaying massive diversified corporates, conglomerates and government-linked companies in Asia Pacific and the Middle East.
ABOUT FINAMATRIX
Lanz Chan, PhD, is the Founder and CEO of Finamatrix Pte Ltd (Singapore), the designated tech accomplice with Promise Land and Regaia Energy. Represented by our world model Finamatrix, the #1 NAS100 risk-tech database from 1985. Finamatrix offers NAS100/EURUSD/BTC/GOLD vGRE* danger statistics and $FIX, the world’s first tradable crude algae oil instrument on a safe public blockchain for world entry.
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