Share
460.000 €
100% funded by 2894 investors
Jord: Green Fuel
San Pedro de Macoris, DO
instalment
quarterly
term
5 years
yearly interest
8%
risk rating
B-
Producing biofuel from grass used to regenerate degraded soils.
Description
Jord wants to revolutionize the fuel industry by producing biofuel from grass used to regenerate marginal and degraded soils. Jord's approach offers an alternative to fossil fuels whilst capturing more carbon than it emits.
This campaign's purpose is to finance the construction of a pressing facility to enable the production of biofuel from C4-grass in the Dominican Republic. 
Jord 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.
The establishment of a pressing facility on one of Jord’s land plots will enable the production of biofuel from C4-grass, responding to the demonstrated local demand as signified by secured letters of intent. The next step in the sequence is to connect a pellet production line to increase the value of the biomass. A dedicated warehouse will be constructed to house pressing operations and manage inventory. Additionally, solar panels will be installed, fostering energy self-sufficiency.
The expected success of this initiative will provide a scalable model, for expansion within the Dominican Republic, across the region, and ultimately, on a global scale.
The Impact
Promotion of sustainable fuel alternatives: Jord's operations yield approximately 36,000 tons of sustainable biofuel 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.
Contribution to carbon removal and mitigation of climate change impacts: through a validated methodology, Jord promotes carbon storage in the soil and in the biomass above the soil. The methodology also avoids further carbon emissions, by enabling burning biofuel instead of fossil fuels. Replacing fossil fuel with biofuel from Jord's first unit can avoid approximately 30,000 tons of CO2 from being emitted to the atmosphere every year.
Restoration of degraded soil’s health and productivity: Within Jord’s business model, the land used for the C4 grass production, processed as biofuel, is marginal and degraded land – which means that those areas that are poor in nutrition and/or are not being used for agriculture are used with a better 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 2 years of food or commercial farming crops.
Sustainable production practices and decoupling growth from environmental degradation: At this stage, Jord's local factory is set to be 100% self-sustainable, utilizing no external grid resources. At the same time, Jord’s activities create jobs and aim for few to no layoffs resulting from the repurposing of coal factories.
Contribution to the Sustainable
Development Goals
Sustainable Development Goals
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Financial viability
With confirmed buyers and letters of intent in hand, Jord is optimistic that this demand will translate into a reliable cash flow, to fulfill the five-year repayment plan.
Jord is strategically planning a share issue in January, aiming for approximately 460k euros. This, coupled with a substantial own capital contribution through leasing agreements, totals a significant financial commitment of EUR 1.8 million underlining the dedication to the project.
The promoter expects positive results from Goparity's loan, translating into increased sales and profits that will not only support its operations but also contribute to the sustainability and growth of the venture.
Download the Financial Statements for the promoter here: FS_JORD.pdf
Download Key Investment Information Sheet
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, comprising five individuals at headquarters, a workforce of 14 FTE in July and 9 FTE in June, equivalents in Senegal whereof 4 managers, and 18 FTE in July and 16 FTE in June equivalents in the Dominican Republic whereof 2 managers, collaborates 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 plannable power, accelerating the transition to green and sustainable power generation.
The team
Peder Dagsanth
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.
Eva Teekens
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.
Stefan Jönsson
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.
Henrik Harryson
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.
Rocío López
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.
Charles Hefner
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 to running 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.
Business Model
Jord engages in the sale of different types of biofuel and carbon credits, creating a dual revenue stream. Its value proposition centers on providing businesses with a sustainable energy alternative, aligning with their eco-friendly goals while maintaining competitiveness in pricing and quality.
The sales and distribution channels for the promoter's products differ: carbon credits are available on voluntary carbon market platforms such as Removement, while pellets are tailored to meet local demand and tap into potential European markets through bulk shipping.
Key customers currently include local businesses in the Dominican Republic, particularly in sectors like dairy and cement, evident through signed Letters of Intent. Jord's financial performance shows recorded revenues of approximately 220K euros since 2020 and an anticipated break-even point in 2-3 years. Objectives have been met, establishing a presence in the Dominican Republic, and the groundwork for a scalable operation has been diligently laid.
Jord's funding history involves support from a network of shareholders. Additional funding is anticipated through local equipment leasing and an upcoming share issue early next year, reinforcing the company's commitment to sustainable growth.
Active since
2017
Fiscal country
SE
Operating In
Industry
Energy
Number of Goparity Loans
2
Women Shareholders
Yes
Website
https://www.jord.oneUpdates
2024-08-29
Project implementation – Jord’s progress in the Dominican Republic
In the first six months since the funding of this campaign, Jord’s operations have significantly advanced. Until August 2024, 348 hectares of C4 grass have been successfully planted, the cultivated area growing each week, storing carbon dioxide in the root systems as it grows.
Jord also has expanded its team in the Dominican Republic to 16 full-time employees, and the factory is well under construction. Clearing and 15 km of road improvements have been made and the foundations for the concrete placement have been completed. At the same time, Jord has invested in equipment and technology for agricultural innovation in the region.
To finance the next phase of the project, the ongoing construction of the pressing facility and the installation of solar panels to power the factory, Jord is raising funds in a second campaign - Jord: Green Fuel II.
This is a crucial step toward energy self-sufficiency, enabling Jord to produce biofuel from C4-grass in the Dominican Republic.
2024-04-24
First payment
First instalment was paid to all the investors
2024-01-21
100% funded
2862 investors successfully raised 460.000€
2023-12-28
Campaign extension and increase in interest rate
To stimulate the success of the campaign, the project promoter requested Goparity to change two conditions:
- Raise the interest rate from 6,1% to 8%. Despite the increase in interest rate, the project maintains the same risk rating (B-).
- Increase the funding period until February 15, 2024, to further promote the campaign and allow more investors to join.
2023-12-07
Open for investment
This campaign is open for investment
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