
Brycoal
Seeks to democratize energy access for those at the bottom of the pyramid, through the recycling of organic waste.
Date | Investors | Amount | Round |
---|---|---|---|
* | $100k | Grant | |
Total Funding | 000k |
USD | 2022 | 2023 |
---|---|---|
Revenues | 0000 | 0000 |
% growth | - | 50 % |
EBITDA | 0000 | 0000 |
Profit | 0000 | 0000 |
EV | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x |
R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Brycoal Nigeria, registered on January 15, 2019, operates in the waste management and renewable energy sectors in Kano, Nigeria. The company was co-founded by Subudu Rahman Suleiman, who also serves as the CEO. Brycoal's core business involves converting abundant agricultural waste, such as sugarcane residue, into eco-friendly, smokeless charcoal briquettes.
This process addresses the significant challenge of agricultural waste pollution in Kano State by transforming farm, dumpsite, and marketplace refuse into a valuable energy source. The business model not only mitigates environmental pollution and reduces the region's carbon footprint but also focuses on creating local employment opportunities. By offering a sustainable alternative to traditional charcoal, Brycoal's product helps decrease reliance on wood-based fuels, which contributes to deforestation. The company's efforts were recognized when it was selected as a winner in the waste management and reduction category of the Multi-City Challenge Africa in 2020.
Brycoal's product is an eco-friendly charcoal that provides a cleaner energy source for households and businesses. The primary clients are individuals and businesses seeking affordable and sustainable fuel. The company's revenue is generated from the direct sale of these charcoal briquettes. The production process involves collecting agricultural waste, carbonizing it, and then compacting it into briquettes, providing a practical solution to both waste management and energy needs in the region.
Keywords: renewable energy, waste to energy, smokeless charcoal, agricultural waste recycling, sustainable fuel, briquettes, carbon footprint reduction, environmental technology, waste management Nigeria, clean energy Africa, circular economy, biomass energy, sustainable development, green technology, Kano Nigeria, Subudu Rahman Suleiman, eco-friendly products