Corporate Banking: INNOVO & Fortune 500 Colocation Projects
We finance, build & operate very profitable cleantech projects alongside the operations of Fortune 500 corporations to digest their CO2 emissions. We enable them and their suppliers to achieve net zero at nil capex. This offers banks a succession of large project finance opportunities, currently totalling $83B, colocated with numerous Fortune 500 corporations and other $B+ companies.
A company with a large carbon footprint and all its heavy-emitting suppliers often have to invest over a $ billion over decades to achieve Net Zero. Our algae bio-farm technology is so profitable, that we can afford to fully finance, build and operate $400M capex bio-farms adjacent to the heavy-emitting factories of Fortune 500 companies and their suppliers.
A bank finances the whole of each INNOVO $400M project colocated with a $B+ corporate by referring the corporate’s CFO to INNOVO. The bank secures the 80% to 90% debt with each project by introducing private equity or other sources of non-debt finance. Since opening the INNOVO Profitable Net Zero Alliance in late July, INNOVO is offering banks of $83B of corporate financing projects collocated with over 20 Fortune 500 corporations.