Polaris Bio

What Polaris Bio does

Polaris Bio Co., Ltd. is a Seoul/Kuala Lumpur-based privately held renewable energy company founded in 2019 by Kim Junghwan that converts waste streams into biofuel, biomethane, and tradable carbon credits. The company operates through four integrated divisions: Biofuel (ISCC EU-certified waste-based feedstock including Refined POME, Used Cooking Oil, Food Waste Oil, Empty Fruit Bunch Oil, Cashew Nut Shell Liquid, and Fatty Acid, supplied to power plants and marine operators in the EU and Korea); Biomethane (palm oil mill biogas upgrading systems engineering, equipment, and consultancy, anchored by what the company describes as the world's first commercial-scale POME biogas upgrading project at Kluang, Malaysia); Landfill Management (developed via a 45% stake in a Terengganu-based group operating a 108-acre ECO Park site in Kemaman District, integrating waste separation, anaerobic digestion, methane capture, and bio-LNG liquefaction); and Carbon Credit Development (end-to-end consultancy from methodology selection through issuance and trading, including Article 6.2 Paris Agreement work).

The underlying technology stack is dominated by anaerobic digestion, methane trapping and upgrading, and waste-feedstock logistics rather than software platforms. Revenue mechanics span commodity trading (hardware/supply style), professional services (carbon credit consultancy), managed/transactional fees (landfill waste processing and energy sales), and long-dated managed services (Bio-CNG project offtake, including a disclosed 15-year Gas Supply Agreement for minimum 200,000 MMBtu per year). Distribution runs through direct B2B sales to EU and Korean offtakers, international commodity trading alliances, and government-coordinated project development — most notably the RM700 million Bio-CNG MoU signed with Malaysia's Bioeconomy Corporation in October 2025 and the June 2026 Letter of Intent with Sudokwon Landfill Site Management Corporation and MTC Orec, which together constitute the first Malaysia-Korea project formally recognized under Article 6.2 of the Paris Agreement.

The company is operating with a regional office footprint spanning Seoul, Kuala Lumpur, Bangkok, Ho Chi Minh City, and Los Angeles, and serves four primary customer segments: palm oil mills in Malaysia (POME feedstock supply and biomethane offtake), EU power and marine fuel buyers (ISCC EU-certified biofuel supply), landfill operators (integrated waste-to-energy), and carbon market participants (project development and credit trading). Founder ownership structure, no disclosed institutional investors, and no public revenue figure are visible in available materials; a 2021 acquisition of a 45% landfill stake and ongoing expansion into SAF and bio-marine fuel markets indicate active platform-building rather than stable cash-generative operations.

Name

Polaris Bio

Legal name

Polaris Bio Co., Ltd.

Website

https://www.polarisbioint.com/

Company type

Private

Operating status

Operating

Short description

Polaris Bio is a Seoul and Kuala Lumpur-based renewable energy company founded in 2019 that converts agricultural and municipal waste streams in Southeast Asia into ISCC EU-certified biofuels, biomethane, bio-LNG, and tradable carbon credits for EU, Korean, and Malaysian offtakers.

Ownership category

akta.pro rank

Product category

Renewable Energy Services

NAICS

Fats and Oils Refining and Blending (311225), Biomass Electric Power Generation (221117), Solid Waste Combustors and Incinerators (562213)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Biogas/RNG Plant Development, EPC & Project Delivery (EUAAAEAH)

akta.pro secondary industries

RNG Liquefaction & Compression (Bio-LNG, Bio-CNG) (EUAAAEAF), Biofuels & Renewable Fuels Switching (Biomethane/RNG, Bio-oils, Sustainable Biomass) (EUABAJAD), Biogas Upgrading to RNG & Injection/Fueling (Gas Cleanup, Compression) (EUAIAEAF)

Keywords

• Waste-based biofuel
• Biogas upgrading systems
• Carbon credit development
• Landfill waste-to-energy
• Renewable energy trading

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Technology or R&D, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Biofuel Manufacturing and Trading: Production and supply of ISCC EU-certified biofuels including Refined POME, Used Cooking Oil, Food Waste Oil, Empty Fruit Bunch Oil (EFB), Cashew Nut Shell Liquid (CNSL), and Fatty Acid for power plants, marine applications, and SAF/bio marine fuel markets. Supplies biofuel and biodiesel/HVO feedstock to EU and Korea.
2. Landfill Management and Waste-to-Energy: Landfill site management with integrated waste-to-energy solutions. 45% stake in landfill management group in Terengganu, Malaysia. Revenue from waste processing fees, electricity generation, and bio-LNG sales.
3. Carbon Credit Consultancy and Development: End-to-end carbon credit services from methodology selection to credit issuance and trading. Covers compliance and voluntary carbon markets. Revenue from consulting fees and successful project carbon credit transactions.
4. Bio-CNG Projects: Palm oil waste conversion projects producing Bio-CNG for industrial offtakers. Part of RM700 million investment pipeline involving Malaysia-Korea partnerships under Article 6.2 of the Paris Agreement.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Polaris Bio manufactures and trades waste-based biofuel feedstock (Refined POME, Used Cooking Oil, Food Waste Oil, Empty Fruit Bunch Oil, Cashew Nut Shell Liquid, and Fatty Acid) certified to ISCC EU standards for power plants and marine operators in the EU and Korea. The company also engineers and operates biogas upgrading systems that convert Palm Oil Mill Effluent (POME) into biomethane and Bio-CNG, manages landfill sites for waste-to-energy conversion, and provides end-to-end carbon credit development services covering methodology selection through issuance and trading.

Product overview

POLARIS BIO is a renewable energy company operating as a platform-plus-services model across four interconnected divisions: Biofuel (ISCC EU-certified waste-based feedstock for power plants and marine fuels), Biomethane (palm oil mill biogas upgrading systems), Landfill Management (waste-to-energy and carbon credit solutions), and Carbon Credit Development (end-to-end consultancy from methodology to trading). The company manufactures and trades biofuel feedstock to the EU and Korea while developing biogas projects and landfill sites in Malaysia, with operations spanning Korea, Malaysia, Vietnam, Thailand, and the USA.

Differentiator

Problem solved

Functional benefit

Products and services

• Biofuel ISCC EU-certified waste-based biofuel feedstock including Refined POME, Used Cooking Oil, Food Waste Oil, Empty Fruit Bunch Oil (EFB), Cashew Nut Shell Liquid (CNSL), and Fatty Acid for power plants and marine applications. Sourced from Malaysia, Indonesia, Korea, and Vietnam and supplied to EU and Korean markets.
• Biomethane Biomethane production from Palm Oil Mill Effluent (POME) through anaerobic digestion and methane upgrading. Includes engineering, critical equipment supply, and carbon credit consultancy for biogas upgrading systems. Reference project at Kluang, Malaysia generates 2,000m3/hr of biogas with 95%+ GHG emission reduction (over 150,000MT CO2 equivalent per year).
• Landfill Management Integrated landfill management and waste-to-energy solutions through a 45% stake in a Terengganu landfill management group. The 108-acre ECO Park site in Kemaman District converts municipal waste into biogas, bio-LNG, and electricity via waste separation, anaerobic digestion, methane separation, and bio-LNG liquefaction.
• Carbon Credit Development End-to-end carbon credit services from methodology selection to credit issuance and trading across both compliance and voluntary carbon markets. Includes development of projects under Article 6.2 of the Paris Agreement for cross-border ITMO generation.

Quantifiable outcome

• 95%+ GHG emission reduction, up to 150,000MT CO2 equivalent per year per project
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered flagship and core.

• Bioeconomy CorporationflagshipStrategic or Co-development Partner · 19 June 2026Malaysia's government agency coordinating bioeconomy development. Partnership involves exchange of Letter of Intent for Terengganu State Palm Oil Mill Biogas Upgrading Project as part of RM700 million investment pipeline. Co-developing Malaysia's first Article 6.2 carbon initiative under the Paris Agreement.
• Sudokwon Landfill Site Management CorporationcoreStrategic or Co-development Partner · 19 June 2026South Korean landfill management corporation. Partnership involves customized GHG reduction strategies aligned with local policies for RS landfill site in Terengganu. Collaboration on waste-to-energy and carbon credit development projects.
• MTC OreccoreTechnology or Integration · 19 June 2026Malaysian technology partner providing technical expertise for the Terengganu State Palm Oil Mill Biogas Upgrading Project. Involved in converting palm oil industry waste into Bio-CNG.
• Palm Oil Mill Operators (Malaysia)coreOthersPrivately owned palm oil mills engaged for biogas upgrading projects. Gas Supply Agreement (GSA) signed for minimum 200,000 MMBtu biomethane per year for 15 years. Mills provide POME feedstock for biogas generation.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Neste: World's largest producer of renewable diesel and SAF from waste and residue oils, including palm oil derivatives. Comparable as a downstream buyer/competitor for ISCC-certified waste oil feedstock and as a producer of biofuels serving EU and Korean compliance markets that Polaris Bio targets.
• SK Innovation / SK Geo Centric: Major Korean energy and petrochemicals company with renewable diesel, SAF, and waste-to-energy initiatives. Comparable as a Korean-headquartered incumbent operating in the same biofuel and carbon credit ecosystem that Polaris Bio serves.
• PT Pertamina: Indonesian state-owned energy major with palm oil-based biodiesel (Bio Diesel) and biogas programs. Comparable as a regional incumbent competing for the same Southeast Asian palm-waste feedstock and biofuel offtake market.
• Wilmar International: Asia's largest palm oil processor with downstream biodiesel and oleochemical operations. Comparable as a dominant palm-oil value chain incumbent whose feedstock and downstream footprint overlaps with Polaris Bio's POME-based biomethane and fatty acid trading business.

Direct peers

• Verbio Vereinigte BioEnergie: German integrated producer of biodiesel, biomethane, and bioethanol from agricultural waste. Directly comparable as a vertically integrated waste-to-biomethane/biofuel operator with long-term offtake agreements and EU compliance positioning.
• Nature Energy: Denmark-based, Europe's largest biogas producer operating anaerobic digestion plants across multiple sites. Comparable as a multi-site biomethane/RNG platform with feedstock collection, plant operations, and gas distribution integration.
• Anaergia: Canadian-listed technology provider and project developer for anaerobic digestion, biogas upgrading, and waste-to-energy. Comparable as a supplier of AD/upgrading technology and as a project developer for landfill and organic waste biogas facilities similar to Polaris Bio's Kluang and ECO Park projects.
• Bright Renewables: Netherlands-based technology supplier of biogas upgrading, liquefaction, and methanation systems. Comparable as a supplier of critical equipment for biomethane and bio-LNG plants similar to those Polaris Bio engineers and supplies.
• Greenlane Renewables: Canadian-listed supplier of biogas upgrading systems and related engineering services. Comparable as a technology vendor for the same biomethane/RNG upgrading value chain in which Polaris Bio provides engineering and equipment supply.

Emerging players

• Gevo: US-listed renewable fuels company developing low-carbon SAF and hydrocarbons from waste feedstocks. Comparable as a biofuel producer targeting the SAF and marine fuel segments that Polaris Bio is expanding into.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Polaris Bio