Jord: Green Fuel III

Producing biofuel from grass used to regenerate degraded soils.

Investment overview

Impact category

Green economy

Investment type

Loan

Yearly interest

Term

months

Risk level

B-

Jord wants to revolutionize the fuel industry by producing biofuel from grass used to regenerate marginal and degraded soils and driving a transition towards renewable energy in the Dominican Republic. Jord’s approach offers an alternative to fossil fuels by producing a renewable fuel that captures more carbon than it emits over its lifecycle.

Since the last campaign, Jord’s operations in the Dominican Republic are advancing, with 450 hectares planted by the end of 2024.

This campaign’s purpose is to finance the full electrical installation of the biofuel production factory in the Dominican Republic.The funds will cover grid connection, medium and low voltage equipment, transformers, breakers, emergency power systems, and all necessary civil works, ensuring the factory is fully prepared for CO2e-negative biofuel production.

This is the promoter’s third campaign, following two successful ones: the first to finance the construction of a pressing facility to enable the production of biofuel from C4-grass in the Dominican Republic; and the second to support the next phases of the project, including the installation of solar panels to power the factory.

The promoter envisions a sustainable future for the Dominican Republic by producing CO2e-negative biofuel from regeneratively grown C4-grass, that can facilitate a transition towards renewable energy. In a broad sense, the project involves reducing the country's dependence on fossil fuels, preventing deforestation, and actively contributing to the restoration of marginal and degraded land. Jord believes that biofuel will play a pivotal role in steering the country toward a renewable, environmentally conscious, and resilient future.

With the final phase of electrical installation underway, the factory is on track to begin operations by the end of July. Future plans include installing a pellet production line to increase the value and versatility of the produced biomass.

What is the impact?

Direct

Promotion of sustainable fuel alternatives: The pressing facility to be built with the funds of this campaign is a vital part in Jord’s production infrastructure. Once completed, Jord's operations yield approximately 36.000 tons of sustainable biofuel per year per 1.000 hectares of land with C4 grass, grown regeneratively. The sustainable biofuel is a renewable alternative to fossil fuels, that can be used in a wide range of industries.

Indirect

Contribution to carbon removal and mitigation of climate change impacts: Through an already validated methodology, Jord promotes carbon storage in the soil and in the biomass above soil. The methodology also avoids further carbon emissions, by enabling burning biofuel instead of fossil fuels. The process captures approximately 11.000 tons of CO2 per year per 1.000 hectares.
Restoration of degraded soil’s health and productivity: Within Jord’s business model, C4 grass for biofuel is grown on marginal and degraded lands that are nutrient-poor or currently unused, giving these areas a productive new purpose. The land is managed with a holistic regenerative agronomic plan in which from 8 to 12 years, the land goes through a regeneration phase, storing CO2 underground and nutrients from the biomass of the C4 grass. After that, comes a phase of around 4 years of food or commercial farming crops that are alternated after 2 years, accumulating hummus. In the end, there is a final cycle of 8 to 12 years of C4 grass, sequestering and storing more carbon. Even though Jord’s full farming operations have not started yet, they have already planted 460 hectares and harvested 290 tonnes of grass up until March 2025.

Contribution to the Sustainable Development Goals
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About the Promoter

About

Jord AB

Founded in 2017 Jord is committed to restoring the biosphere and delivering renewable products. Headquartered in Stockholm, the leadership team includes CEO and Chairman Peder Dagsanth, Managing Director Charles Hefner in the Dominican Republic, and Managing Director Ababacar Diop in Senegal. The global team includes five individuals at headquarters, 14 FTE in July and 9 FTE in June in Senegal (including 4 managers), and 18 FTE in July and 16 FTE in June in the Dominican Republic (including 2 managers), all collaborating towards the company’s vision.

Jord's mission can be traced back to Peder's upbringing in western Sweden, where a profound connection to forest management sparked the realization that nature could be a crucial source for restoring the natural carbon cycle. In 2017, a mission was undertaken by the leadership of the company, alongside innovators and agro-industry experts, to create an efficient process that regenerates soil, addresses rising CO2 levels, reduces fossil fuel dependency, and restores the natural carbon cycle.

Jord's regenerative agroforestry model utilizes marginal and or degraded land and specialized C4-grasses to absorb significant amounts of CO2, enriching the soil and increasing fertility. The harvested grass transforms into solid biofuel and biochar, providing a sustainable alternative to fossil fuels while enhancing soil quality.

To Jord's knowledge, the company stands as a unique provider, offering a holistic solution to the three-fold problem of degraded and marginal lands, dependency on fossil fuels, and increasing levels of CO2 in the atmosphere. Reinventing biofuel, Jord is leading the way with a sustainable approach that prioritizes environmental preservation. Looking ahead, Jord hopes to scale worldwide, with ample marginal and degraded land in need of restoration, coupled with a rising energy demand and a growing population. Envisioning a future free of fossil fuels, Jord is committed to making a significant contribution to this transformative goal.

In 2023, Jord achieved noteworthy milestones. Partnering with Phoenix BioPower, the company is actively researching and developing a comprehensive commercial platform for renewable and dispatchable power, accelerating the transition to green and sustainable power generation.

Promoter website

https://www.jord.one

Team
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[{"id":155,"promoter_id":310,"name":"Peder Dagsanth","description":"In his capacity as CEO and Chairman, Peder brings extensive experience in both pellet production and successful leadership of industrial businesses. As the founder of Borga, he has led the company to a notable turnover of SEK 800 million, securing a top-three industry position in Sweden. With over 13 years in pellet production, Peder co-designed a production line focusing on tree pellets from sustainable sources. His diverse expertise enhances his strategic leadership within the organization.","link":"https://www.linkedin.com/company/jordab/","role":"CEO and Chairman","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/656/f3c/2de/656f3c2dec3e8935808868.jpg","avatar_id":122448},{"id":156,"promoter_id":310,"name":"Eva Teekens","description":"As Jord's Chief Commercial Officer, Eva plays a critical role in driving revenue generation and market expansion. Her focus extends to ensuring Jord's products reach target markets, generate revenue, and lead fundraising initiatives. With 14+ years dedicated to shaping collaborative partnerships that accelerate sustainable businesses, Eva brings a wealth of experience from roles at Oikocredit International, the Common Fund for Commodities, and the Rabobank Foundation.","link":"https://www.linkedin.com/in/evateekens/","role":"Chief Commercial Officer and Investor Relations","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/66c/f26/5f4/66cf265f40b4d771845647.jpeg","avatar_id":152677},{"id":157,"promoter_id":310,"name":"Stefan Jönsson","description":"With a professional tenure spanning two decades in engineering and technical development, Stefan serves as the Technical Director at Jord, where he effectively applies his extensive experience. Having previously held managerial roles in production line establishments, Stefan brings a wealth of expertise to his current position. At Jord, Stefan's primary responsibility is the sourcing and assembly of the pellet production line and accompanying production, a task that encompasses the coordination of diverse components, ranging from hardware to software.","link":"https://www.linkedin.com/in/stefan-jonsson-8b705823/","role":"Technical Director","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/656/f3c/088/656f3c0887bb9137549457.jpg","avatar_id":122447},{"id":158,"promoter_id":310,"name":"Henrik Harryson","description":"Leading Jord’s business processes, Henrik designs and implements Jord's operational model, evaluates and optimizes business processes, researches sales leads, and formulates business strategies. Managing key partnerships, including collaborations with Removement, Puro.earth, and Patch, Henrik brings a wealth of experience from roles such as financial analyst at AiBetic, M&A at Carlsquare, and equity research analyst and wealth management at Erik Penser Bank.","link":"https://www.linkedin.com/in/henrikharryson/","role":"Business Development and Growth","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/656/f3b/b4a/656f3bb4a1800706221648.jpg","avatar_id":122446},{"id":159,"promoter_id":310,"name":"Rocío López","description":"With over 10 years of experience in branding and marketing, Rocío oversees marketing initiatives at Jord, specializing in brand development, marketing strategy, and content production. Her past roles include serving as an Art Director at Oriflame and working as a marketing and communication designer at the Ministry of Housing and Urban Planning in Chile.","link":"https://www.linkedin.com/in/rociolopezuribe/","role":"Marketing Coordinator","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/656/f3b/78c/656f3b78c5408056168770.jpg","avatar_id":122445},{"id":160,"promoter_id":310,"name":"Charles Hefner","description":"As the Managing Director at Jord in the Dominican Republic, Charles oversees and leads the company's operations in the region. He manages the Dominican Republic unit, handling tasks from establishing nurseries and land preparation for biomass and energy crops (C4 grasses) to overseeing factory operations, as well as personnel management and development. Charles' expertise in biomass and bioenergy crops is an asset to Jord's agronomic objectives, contributing to the establishment of a regenerative and well-functioning model.","link":"https://www.linkedin.com/in/charleshefner/","role":"Managing Director, Dominican Republic","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/656/f3e/630/656f3e6308602491689566.jpeg","avatar_id":122451}]

Business Model
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