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African Biofuel and Emission Reduction - GSBI 2010 - Factsheet

African Biofuel and Emission Reduction - GSBI 2010 - Factsheet

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PR OVIDING GREEN ENER GY FR OM LOCAL RESOUR CES AND IMPR OVING LIVELIHOODS IN RURAL COMMUNITIES

Africa Biofuel and Emission Reduction - GSBI™ Class of 2010 Problem Statement: Headquarters:
Tanzania Dar es Salaam, Tanzania’s government spends 35 - 40% of its foreign reserves to import fossil diesel fuel for transportation and power generation. Biofuels offer potential as a replacement for diesel, but have to be commercially viable in the Tanzanian environment. Research by Dr. Lenard Milich, one
PR OVIDING GREEN ENER GY FR OM LOCAL RESOUR CES AND IMPR OVING LIVELIHOODS IN RURAL COMMUNITIES

Africa Biofuel and Emission Reduction - GSBI™ Class of 2010 Problem Statement: Headquarters:
Tanzania Dar es Salaam, Tanzania’s government spends 35 - 40% of its foreign reserves to import fossil diesel fuel for transportation and power generation. Biofuels offer potential as a replacement for diesel, but have to be commercially viable in the Tanzanian environment. Research by Dr. Lenard Milich, one

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Published by: seincsts on Aug 26, 2010
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08/30/2010

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PR OVIDING GREEN ENER GY FR OM LOCAL RESOUR CES AND IMPR OVING LIVELIHOODS IN RURAL COMMUNITIES

Africa Biofuel and Emission Reduction - GSBI™ Class of 2010 Problem Statement: Headquarters:
Tanzania Dar es Salaam, Tanzania’s government spends 35 - 40% of its foreign reserves to import fossil diesel fuel for transportation and power generation. Biofuels offer potential as a replacement for diesel, but have to be commercially viable in the Tanzanian environment. Research by Dr. Lenard Milich, one of our founders, has demonstrated that the croton nut, when husked, crushed and filtered into pure plant oil and can be used in diesel generators.

Established: 2006 Impact Areas: Tanzania, Kenya Type: For Profit Sectors: Clean Tech & Energy Staff Size: 8 and 4 volunteers Annual Budget: $250,000 Major Funders: Eupborbus, The
Wilma Group

Awards: World Bank Development
Marketplace grant for $200,000 in 2008

Theory of Change:
By producing biofuel locally, the community earns extra income and Tanzania retains its foreign reserve which drives economic development.

Solution:
We are building a profitable African biofuel business based on the indigenous Croton Nut tree by planting 12 million trees on under-utilized land and turning the seeds into pure plant oil, which will replace more than 10% of the current Tanzanian diesel imports at a competitive price. In doing so, we will create a green fuel for a power hungry mining industry with an environmental public relations problem as well as creating more than 1,000 rural jobs and reducing CO2 emissions.

“Green fuel” for growth

“By 2020, Africa Biofuel will create employment opportunities for 1,000 permanent and 10,000 seasonal workers, as well as reducing CO2 emissions.” - Bright Naiman, Chief Engineer

| www.africabiofuel.com

|

bnaiman@africabiofuel.com | +255 713 273 507 |

PR OVIDING GREEN ENER GY FR OM LOCAL RESOUR CES AND IMPR OVING LIVELIHOODS IN RURAL COMMUNITIES

Milestones Achieved:
2006: Company was registered in Tanzania 2008: Agreement with TANESCO for fuel purchase 2010: Environmental impact study began in Tanzania 2010: Memorandum of understanding and sister office in Kenya

Impact to Date:
• • • 1,000 liters of biofuel were tested in a commercial engine with positive results Application in process for planting sites Tree nursery established Planting 12 million tress in Kagera District First processing plant operational First harvest from planted trees Positive cash flow

Growth Plan:
2011: 2011: 2013: 2017:

Projected Profits:

Projected Social Impacts:

(Millions

Investment Required:

Equity investment of $5M to begin production. In 2012, a second round of $5MM will be required for expansion.

The World Bank’s Development Marketplace chose Africa Biofuel as one of 22 projects selected for grants from 1,768 proposals on Sustainable Agriculture for Development because of its innovation, results, sustainability, growth potential and realism.

This profile was developed during the 2010 Global Social Benefit Incubator™, the signature program of Santa Clara University’s Center for Science, Technology and Society.
Updated 8/26/2010. www.scu.edu/sts/gsbi

| www.africabiofuel.com

|

bnaiman@africabiofuel.com | +255 713 273 507 |

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