Octayne secures a US$525,000 investment from Wavemaker Impact to advance its innovative farm-waste to energy solutions in Southeast Asia.

Target Overview

Octayne Green Fuels, commonly known as Octayne, is a pioneering venture in Southeast Asia focused on converting farm waste into sustainable energy solutions. With its innovative approach, the company plans to address the region's pressing energy needs by transforming agricultural waste, primarily post-harvest crop residue, into a carbon-neutral fuel alternative. The recent pre-seed investment of US$525,000 from Wavemaker Impact marks a significant step for Octayne as it embarks on its mission of creating a more sustainable energy future in the region.

Industry Overview

The energy sector in Southeast Asia (SEA) is witnessing rapid growth, driven by the region's expanding economies. Despite this growth, there are considerable challenges, notably the reliance on coal as a primary energy source. Current projections indicate that this trend may persist, as energy producers continue to invest in maintaining and expanding coal-based infrastructures past 2030, limiting the adoption of alternative energy technologies like solar and wind.

In the face of these challenges, there exists a vast opportunity in the agricultural sector, which generates over 400 million tons of post-harvest crop waste annually. This creates a dual challe