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Press Release, For Immediate Release
Indonesia – 20th of August, 2024 – NetZero Global, an environmental venture builder, Hydrogen Refinery, a waste-to-fertilizer technology provider and Alterna Verde, a pioneering energy and waste management company are proud to announce a groundbreaking collaboration to build, finance, and operate a cutting-edge waste-to-fertilizer project in Indonesia.
This ambitious venture comes on the heels of Hydrogen Refinery's selection for the prestigious Temasek Foundation Environmental Technology Programme, solidifying the project’s status as a key initiative in Southeast Asia's clean energy transition.
Revolutionizing Waste Management and Green Fertilizer in Indonesia
The partnership between these three environmental leaders represents a major leap forward in Indonesia’s efforts to turn the management of waste and its challenges into a central component of the circular economy by generating green fertilizer and green energy from its waste.
Indonesia is the 5th largest user of fertilizer globally, consuming 12 million tonnes annually to feed a growing population. About half of this fertilizer is imported, presenting a major threat to Indonesia’s food security, foreign currency risks and supply chain environmental management.
Indonesia, according to the UN is the 5th largest generator of plastic waste and manages the Bantar Gebang waste site outside Jakarta as the largest landfill in SE Asia. Bantar Gebang, 18 stories high and visible from space is, via the circular economy, an ideal feedstock for green fertilizer and green energy.
Hydrogen Refinery's innovative waste-to-green fertilizer technology, originally developed by the military to convert waste into green, sustainable products, such as fertilizer, is core to the project and the creation of this circular economy and regenerative environmental programme.
The 7,000 tonnes of waste collected every day in Bantar Gebang becomes the feedstock to create low-cost green urea fertilizer to support Indonesia’s farmers and replace up to 50% of the urea Indonesia currently imports.
NetZero Global will bring its expertise in environmental venture building to structure and manage the project, ensuring its alignment with global environmental standards and maximizing its impact in both regeneration and decarbonisation.
Alterna Verde will apply its extensive knowledge and experience of energy and waste management within the Indonesian context, facilitating local operations and ensuring the project’s integration with national environmental goals.
Key Highlights of the Partnership:
Advanced Technology Deployment: utilizing Hydrogen Refinery's military-grade waste-to-green fertilizer technology, the project will transform a significant portion of Indonesia’s waste into renewable fertilizers, reducing landfill use and greenhouse gas emissions.
Strategic Financing and Operations: with NetZero Global’s venture-building expertise, the project will be financed through NetZero’s Environmental Debt Facility and/or forward on environmental and social credits via the environmental markets, ensuring long-term economic sustainability, profitability and job creation. Alterna Verde will oversee the daily operations, leveraging its deep understanding of waste and energy sectors in Thailand and the Philippines.
Southeast Asia’s Green Energy Hub: the project aims to position Indonesia as a leader in waste-to-green fertilizer technology, improving its food security by reducing the reliance upon imported product and contributing to regional energy security, setting a benchmark for similar initiatives across Southeast Asia.
Statements from the Partners:
Justin Reynolds, Managing Partner of NetZero Global:
“We are thrilled to build this environmental venture with Hydrogen Refinery and Alterna Verde on this transformative and regenerative environmental project. This partnership not only addresses critical environmental and economic issues in Indonesia but also demonstrates the power of combining innovative technology with strategic investment and local expertise to enable the circular economy.”
Stephen Voller, CEO of Hydrogen Refinery:
“Our selection by the Temasek Foundation Environmental Technology Programme underscores the potential of our technology to drive sustainable change. This project in Indonesia will showcase how military-grade waste-to-renewable fertilizer technology can be scaled for civilian use, creating a cleaner, more sustainable future.”
Nervy Santiago, CEO of Alterna Verde:
“Indonesia faces significant waste management challenges, and this project is a crucial step in addressing them. By turning waste into fertiizer, we are not only reducing the environmental impact but also creating a new source of clean energy that will benefit the entire nation.”
Looking Forward:
The waste-to-green fertilizer project is set to break ground later this year, with full-scale operations expected to commence by 2026. The initiative will create numerous local jobs, contribute to Indonesia’s green energy targets, offer a solution to the current waste management concerns and serve as a model for future waste-to-fertilizer projects globally.
About NetZero Global:
NetZero Global is an Environmental Venture Builder focused on developing and scaling the Environmental Markets with a key focus on Natural Capital and Decarbonisation.
About Hydrogen Refinery:
Hydrogen Refinery specializes in advanced waste-to-green fertilizer technology originally developed for military applications, now being adapted for broader environmental and energy uses.
About Alterna Verde:
Alterna Verde is a leading energy and waste management company in Southeast Asia, dedicated to implementing sustainable practices and technologies to improve environmental outcomes.
Contact:
Please contact NetZero Global via https://www.netzero.global/netzero-global-contant-us
*This press release contains forward-looking statements subject to risks and uncertainties. Actual results may differ materially from those anticipated.
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