Green Coal Ethiopia PLC
Clean Energy Transition
Information
Company Description
Green Coal Ethiopia Plc develops bio-coal as a sustainable, direct replacement for fossil steam coal using patented technology. The company focuses on decarbonizing industrial energy use while leveraging locally available biomass resources, positioning itself within the clean energy transition and circular economy space.
Team
The team comprises local and international experts with over four decades of experience across Africa, combining technical, operational, and market knowledge to deliver scalable energy solutions.
Countries of Operation
Ethiopia, Oman, Malaysia
Ownership of Company
90% European Company
10% Ethiopian
Number of years since incorporated
5 years
Stage
Early Venture
Annual Revenue (in EUR)
EUR 0 – 10,000
Number of employees
1–10
Project Pitch
The Green Coal and Project Grass initiative aims to produce bio-coal as a direct substitute for fossil coal, primarily targeting the cement industry in Ethiopia. The project utilises locally sourced biomass, including invasive Prosopis plants and elephant grass, transforming underutilised natural resources into a clean energy solution.
By replacing fossil coal with bio-coal, the project helps reduce carbon emissions while addressing environmental challenges associated with invasive plant species. The business model integrates local sourcing from communities, creating additional income streams and supporting sustainable land management.
With a total investment requirement of EUR 32 million, the project represents a large-scale greenfield opportunity aligned with global decarbonization trends and increasing demand for alternative industrial fuels. The solution offers both environmental and economic value, positioning the company as a key player in Ethiopia’s energy transition and industrial sustainability landscape.
Total Project Cost (in EUR)
EUR 32,000,000
Financing needs (in EUR)
EUR 32,000,000
Type of financing needed
Debt, Equity
Planned allocation of fundraising capital
Greenfield (new activity)