Swire Pacific, the Hong Kong subsidiary of UK-based diversified conglomerate Swire Group, plans to double the number of green technology companies in its portfolio to six, according to South China Morning Post.
Swire Pacific’s head of sustainable development, Philippe Lacamp, told the publication that Swire which has interests in industries ranging from aviation to property, is looking to complete these three further investments by the end of 2015.
Swire will be identifying companies which can help it cut waste, emissions and lower energy use.
The three green technology companies to have secured funding from Swire, all in 2013, are water filter company NanoSpun Technologies, renewable carbon and biofuel developer Green Biologics, and biodiesel producer Argent Energy, in which Swire purcahsed a 75% stake for $125m.