AMRT – Investment in UCO recycling startup Noovoleum

AMRT – Investment in UCO recycling startup Noovoleum Alfaria Trijaya (AMRT) has invested USD1 mn (equivalent to IDR16.23 bn) in Noovoleum Indonesia Investama, a Jakarta-based startup focused on used cooking oil (UCO) recycling solutions. The investment is made as a non-controlling stake, aimed at securing future investment opportunities while exploring potential business synergies. Noovoleum specializes in the collection and processing of UCO into renewable energy, supporting circular economy and sustainability goals. (Source : Bisnis Indonesia)