Energy Transition Expert Joins Board of Directors

We are delighted to welcome Madiha Bakir to our Board as a Non-Executive Director, effective March 11th, 2024. Madiha brings a wealth of experience in the oil and gas, energy transition, and ESG sectors having worked with prestigious organisations like PwC, Saudi Aramco, and the Abu Dhabi National Oil Company (ADNOC) for over nearly two decades.

Madiha Bakir Joins HutanBio Board
Madiha Bakir joins HutanBio as Non-Executive Director

Madiha’s expertise is poised to be invaluable as we navigate our next growth phase in decarbonizing long-distance transportation. With a background spanning risk management, finance, business development, and strategy, her appointment bolsters our Board to a total of four members, each bringing unique insights and skills to the table.

A UK-qualified actuary with a master’s degree in mathematics from Oxford University, Madiha currently serves on the Boards of Hygen (a low-carbon hydrogen producer) and Ryze (a hydrogen storage and distribution company). Additionally, her involvement in HYCAP’s Investment, Risk, and Conflict Committees underscores her commitment to driving sustainability across the energy transition value chain.

Madiha’s diverse career has seen her collaborate with companies at every stage of development, from startups to those navigating IPO processes. Her extensive international experience across the UK, Europe, and the Middle East enhances HutanBio’s commitment to diversity, equity, and inclusion.

In her own words, Madiha expresses excitement about joining HutanBio and contributing to the shift towards a net-zero economy. She highlights the promise of HBx biofuel as a sustainable solution for the maritime, aviation, and heavy trucking sectors. One that leverages energy transition, climate technology, and big data to address pressing challenges.

Moreover, Madiha emphasizes her dedication to supporting female entrepreneurs, recognizing the barriers they often face in accessing funding and mentorship. Led by two female founders, Noor Azlin Mokhtar and Suhaiza Ahmad Jamhor, HutanBio is committed to fostering an inclusive entrepreneurial landscape that drives innovation and economic growth.

HBx Biofuel’s environmentally friendly footprint is a testament to our commitment to sustainability. Grown in enclosed bioreactors using sunlight and barren land, we avoid competition with agriculture, freshwater consumption, and deforestation, making it a scalable and eco-friendly solution.

With recent seed investment from the UK-based Clean Growth Fund, our focus is on scaling our HBx Biofuel technology platform. Our ambition is clear: to disrupt the fuel supply market and significantly contribute to decarbonizing transport and heavy industries.

We welcome Madiha Bakir to our team and look forward to the invaluable contributions she’ll make as we continue our journey towards a more sustainable future. Stay tuned for more updates as we embark on this exciting chapter together!



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