new investment - acumen › wp-content › uploads › 2016 › 06 › ...+ the biofuel gel, or...
TRANSCRIPT
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SECTORREGION Energy
NEW INVESTMENT: GREEN ENERGY BIOFUELS LTD.Founded in 2012, Green Energy Biofuels Ltd. is one ofAfrica’s fastest-growing clean cooking businesses.
The company produces, manufactures anddistributes innovative, ethanol-burningcookstoves and a proprietary biofuel gel, madefrom converted sawdust and hyacinth biomass, for
low-income customers in Nigeria.
We are excited about the company because it is
addressing two needs at once: providing an
improved cookstove that emits less smoke, and
providing a fuel source that is both affordable and
made from renewable sources.
PARTNER NEWS
WestAfrica
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PARTNER NEWS
Copyright © 2016 Acumen · For more information visit acumen.org
ONE BOARD DIRECTOR
AND ONE OBSERVER SEAT
Although there is progress, globally, in providing highquality,
clean and affordable cookstoves for low-income
customers, the problem of sourcing and selling cheap,
alternative environmentally-friendly fuel sources to power
them has remained largely unaddressed. Until now.
WHY IT MATTERS
Green Energy Biofuels will use Acumen’s investment
to purchase raw materials and build additional
refinery and storage facilities to support increased
production to better meet customer demand.
INVESTMENT 800K PREFERRED EQUITY
5.1M USD REVENUE IN 2015
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PARTNER NEWS
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THE INNOVATION+ Green Energy Biofuels has developed a safe,
fuel alternative—ethanol cooking gel—for
low-income customers.
+ The biofuel gel, or “biogel,” is made from sawdust and
hyacinth waste. It burns efficiently and cleanly, and is
sold at a low cost.
+ In addition to manufacturing and selling the biogel,
Green Energy Biofuels distributes an innovative,
stainless steel, smoke-free cookstove that is
affordable for low-income customers and uniquely
designed to be portable and used on any surface.
+ Both the cookstove and biogel can be purchased
together at local markets or near low-income
communitieshelping them spend less on fuel.
+ Together, the clean cookstove and biogel
significantly reduce indoor air pollution for
households while also helping them spend
less on fuel.
THE PROBLEM+ Nearly three billion people worldwide do not have
access to clean stoves for cooking and have to rely
on traditional or biomass fuels made from organic
materials like wood, charcoal or animal waste.
+ In Nigeria alone, more than 40 percent of urban
households and 90% of rural households still
depend on biomass fuel for their cooking.
+ Traditional stoves are inefficient at converting
fuel to heat, and they produce harmful smoke that
leads to respiratory problems and to millions of
deaths a year.
+ For low-income customers who do manage to
cook safely using efficient cookstoves, access
to clean, affordable and renewable fuel sources
is limited at best.
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PARTNER NEWS
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IMPACTTARGETS
POVERTY FOCUS
of GEB’s customers
earn less than
$4/day.
95% BREADTH
5Mlives impacted over
the next five years.
DEPTH
40%in savings
per household on
fuel expenses.
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PARTNER NEWS
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Operations+ Install three new refineries in Lagos,
Abuja and Port Harcourt, Nigeria
+ Train new sales staff and contract
additional points of distribution in
strategic locations
+ Pilot test new gels using different
biomass organic materials
Product
2016 ANTICIPATED MILESTONES
Manufacturing+ Build a centralized 10,000 liter-production
biogel manufacturing plant
+ Procure new processing machinery
+ Improve automation capabilities along the
manufacturing line to increase efficiency
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PARTNER NEWS
Copyright © 2016 Acumen · For more information visit acumen.org
STAY INFORMED
GREEN ENERGY BIOFUELS WEBSITE
/Kikestoveandsolar
http://www.gebiofuels.com/