03/03
2022
Asia Green Fund Invested a New Round of Financing of BABO
03/03
Recently, BABO (or “the company”), a company of bamboo fiber ecological science and technology in China (Company: Sichuan Vanov New Material Co., Ltd.), completed a new round of financing with hundreds of millions of yuan. Asia Green Fund (AGF) participated in the investment. The company indicated that the new round of financing will be used for refining of bamboo biomass and base construction of bamboo full-price utilization, technology development of bamboo fiber, as well as the improvement of bamboo industry chain ecosystem.
Babo is the only enterprise in China that has a complete industrial chain from bamboo planting, processing, pulping and paper-making, to production, transportation and brand operation. The company broke through the bamboo fiber extraction process of "biomass refining technology" and started the brand of "BABO" bamboo fiber unbleached livelihood paper at the end of 2014, and gradually became the leader of this field. The company aimed at expanding the new concept of ecological and environmental protection and changing the consumption pattern of living care products in China.
When talking about the original intention of establish Babo, the founder of the company, Shen Genlian recalled that she only wanted to develop a pollution-free paper-making technology firstly to break the public's stereotype of "paper-making equals polluting the environment". After nearly 8 years of research and development, Ms.Shen successfully led the team to develop dozens of patents, supporting the production process without using chemicals such as sulfides, instead of using pure biological way to extract bamboo fiber to make paper for daily use.
Since no chemical substance added and no bleaching process, the whole series of bamboo fiber products presents the original color of bamboo, and the production process is environment-friendly and very healthy. However, no one thought that unbleached paper could be sold under that circumstance. As unbleached paper is a new category, if you wanted to explore the market, you needed to think about how to conduct consumer education. Therefore, Shen Genlian established "Babo" and began to promote it on a large scale. With the enhancement of people's health awareness, after several years of market education, Babo has successfully opened the minds of consumers and become a synonym for "health and environmental protection".
Bai Bo, Chairman and Founder of AGF said that he was very happy to cooperate with Ms. Shen, who is an entrepreneur with innovative ideas, faith, and striving spirit. We can see that with the efforts of Ms. Shen and her team, Babo has made great achievements in the research and development of new consumer materials, which is the best demonstration of green production process and green consumer products. As a fully degradable environment-friendly material, bamboo fiber has great potential in the future. We look forward to seeing more exposure of Babo on daily use, and we also look forward to the rapid growth of Babo to meet the growing demand of consumers of high-quality, healthy and environment friendly.
Through this consociation, AGF will cooperate with Babo in carbon emission management and carbon footprint calculation throughout its life cycle, to promote the company to transform green and low carbon into new momentum for development, seize the industrial opportunities brought by low carbon, and drive the transformation and upgrading of the industry at the same time.
At present, the Healthy Bamboo Industrial Park will soon be completed. It contains production line with 200,000 tons of unbleached bamboo fiber living paper each year and will become Asia's most advanced bamboo biomass refining and full-price utilization base, achieving the goal of using 1 million tons of bamboo annually, driving 1 million farmers and producing 10 billion yuan of output value.
Babo is the only enterprise in China that has a complete industrial chain from bamboo planting, processing, pulping and paper-making, to production, transportation and brand operation. The company broke through the bamboo fiber extraction process of "biomass refining technology" and started the brand of "BABO" bamboo fiber unbleached livelihood paper at the end of 2014, and gradually became the leader of this field. The company aimed at expanding the new concept of ecological and environmental protection and changing the consumption pattern of living care products in China.
When talking about the original intention of establish Babo, the founder of the company, Shen Genlian recalled that she only wanted to develop a pollution-free paper-making technology firstly to break the public's stereotype of "paper-making equals polluting the environment". After nearly 8 years of research and development, Ms.Shen successfully led the team to develop dozens of patents, supporting the production process without using chemicals such as sulfides, instead of using pure biological way to extract bamboo fiber to make paper for daily use.
Since no chemical substance added and no bleaching process, the whole series of bamboo fiber products presents the original color of bamboo, and the production process is environment-friendly and very healthy. However, no one thought that unbleached paper could be sold under that circumstance. As unbleached paper is a new category, if you wanted to explore the market, you needed to think about how to conduct consumer education. Therefore, Shen Genlian established "Babo" and began to promote it on a large scale. With the enhancement of people's health awareness, after several years of market education, Babo has successfully opened the minds of consumers and become a synonym for "health and environmental protection".
Bai Bo, Chairman and Founder of AGF said that he was very happy to cooperate with Ms. Shen, who is an entrepreneur with innovative ideas, faith, and striving spirit. We can see that with the efforts of Ms. Shen and her team, Babo has made great achievements in the research and development of new consumer materials, which is the best demonstration of green production process and green consumer products. As a fully degradable environment-friendly material, bamboo fiber has great potential in the future. We look forward to seeing more exposure of Babo on daily use, and we also look forward to the rapid growth of Babo to meet the growing demand of consumers of high-quality, healthy and environment friendly.
Through this consociation, AGF will cooperate with Babo in carbon emission management and carbon footprint calculation throughout its life cycle, to promote the company to transform green and low carbon into new momentum for development, seize the industrial opportunities brought by low carbon, and drive the transformation and upgrading of the industry at the same time.
At present, the Healthy Bamboo Industrial Park will soon be completed. It contains production line with 200,000 tons of unbleached bamboo fiber living paper each year and will become Asia's most advanced bamboo biomass refining and full-price utilization base, achieving the goal of using 1 million tons of bamboo annually, driving 1 million farmers and producing 10 billion yuan of output value.