PROJECT SEAH4
DESCRIPTION OF THE PROJECT:
SeaH4 offers the maritime sector an alternative to fossil fuels to decarbonize at scale, reducing GHG emissions. Their algae-based biofuel is carbon neutral and compatible with the existing fossil fuel infrastructure. Additionally, their community-based production approach develops new job opportunities within arid coastal regions.
We are using algae to catalyse the ocean dissolved CO2 and the power of the African sun into fuels that can readily be blended into the fossil fuel infrastructure, starting with the maritime sector. Our fully circular processes allow for installation and production independently from existing infrastructure, FOREX or commodity fluctuations and has the potential to accelerate the African emancipation. Developed as high impact project for South Africa’s West Coast, it is scalable to 13,000kms of African desert shore.
LOCATION
West Coast, South Africa
SECTOR
Energy (Carbon neutral fuels)
STAGE
Seed-Funding Start up
INVESTMENT REQUIRED
Currently raising USD600k, Total Raise to full-scale production 130M USD
INVESTMENT PURPOSE AND ALLOCATION
Construction of a 500sqm test farm in Saldanha Freeport, capacity building and runway
Existing partners & commitments
Not disclosed
Address
VUKA Group
Ground Floor, Ebden House, Belmont Park, Rondebosch. 7700, Cape Town, South Africa
Contact
+27 (0)21 700 3500
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