The Subfund primarily targets industries that produce :

• BioDiesel (HVO)
• Bio JetFuel (SPK) & Sustainable aviation fuel

Alternatively the SubFund will consider investments in Farming, Land Rehabilitation programs, and Algae growing plants, with the objective to secure the production of feedstock necessary to the production of Biodiesel.

Over 1 bEUR projects on the go...

The fund will conduct an active investment strategy aiming to build a leading network of biofuels refineries around the world.

• Acquisition of existing biofuels refineries
• Creation of new biofuel refineries
• Upgrade of fossil oil refineries into biofuel refineries

30% of the investments will target the agricultural activities participating in carbon sequestration and the production of the biomass necessary to the refineries.

Type : Open end Fund
Size : Up to 1 bUSD
Fundraising rounds : Up to 360 MUSD in 2024
Investment category: Mezzanine Investment and P.E.
Initial offer : 2024 January 1st - 2024 July 31st
Regional coverage : South America, Eurasia, WestAfrica

General Partner : 4BIRDS Management SA
Administrative agent : OWL Advisory SA
LEI : 22210069KVDF6WJEHV48
ISIN : LU2581847691 & LU2581847774

Market and technology :

Advanced Biofuels are extracted from animal fat, used cooking oil, biomass waste, fast growing plants, algaes...
They contribute to a neutral carbon cycle and do not compete with food value chains. Compatible with existing technologies, infrastructures and engines, they are the key to a smooth energy transition.

Market Size :

• Biodiesel (HVO) : 190 bUSD by 2030
• BioKerosene (SPK) : 14 bUSD by 2030
• Average Annual Growth : 8 to 12%

Our presence on the biofuel market :
The Subfund has been created with the objective of acquiring stakes in key market players and to cover, through these investments, at least 10% of the biofuels world market by 2030. To achieve this objective, the Subfund has strategically partnered with the leading Brazilian producer of biodiesel. Thanks to this alliance, the Subfund benefits from technical expertise as well as from off-take and sourcing capabilities.

Bioenergies industry :
Synthetic Biofuels are extracted from biomass and organic residues through various chemical and thermal paths. They contribute to a neutral carbon cycle :

• Co2 is sequestrated and turned into vegetal material through photosynthesis process.
• Lipids are extracted from these materials to produce crude bio-oil, while proteins and other residues are converted to animal food, fertilizers and biomaterials
• Crude bio-oil is then refined in biofuels :
  • HVO (BioDiesel)
  • SPK (BioJet Fuel)
• Biofuels are used in place of fossil fuels,releasing the previously sequestrated Co2

Compatible with existing technologies, infrastructures and engines, they are the key to a smooth energy transition.

HVO – Green Biodiesel is a fuel which is less pollutant than its fossil equivalent (oil and oil derived). Green Biodiesel can totally (or part) substitute mineral diesel oil in automotive diesel engines.
For Green biodiesel only, a sustained 10% output growth per year is needed at least until 2040 to comply with EU regulatory framework and COP26 goals. Afterwards, biofuels will still have a premium role to play, as fossil fuels can not be fully replaced by other renewable energies.

Sustainable Aviation Fuel : SPK – SAF are used in the Aircraft industry in replacement of kerosene. With superior energy density and carbon neutrality, SPK should become one of the key solution for energy transition in this domain.

Green Naphtha is a by product of HVO and SPK production and can be used in the plastic industry for the production of bioplastics.