WA Canola Co
Date of Foundation
2023

WA Canola Co

making HVO from waste canola grain in western australia

The Idea origin story

WA Canola Co plans to establish a Hydrotreated Vegetable Oil (HVO) production facility in Western Australia, capitalizing on abundant local canola supply and increasing market demand for renewable diesel, particularly within the mining sector. We aim to produce sustainable, high-quality fuel alternatives while significantly reducing environmental impacts.

The Mission

At WA Canola Co, our mission is to convert locally-sourced canola into renewable diesel for a greener future and reduced carbon footprint.

Clients

Our client is the mining sector. to manufacture and supply high quality locally manufactured HVO produced from waste canola grain in Western Asutralia

Problems we solve

Client’s problem

reduces carbon footprint for companies using it as an alternative fuel source fuel source to diesel

Confirmation of problem

The rising global concerns about climate change and the urgent need for cleaner, renewable sources of energy.

Solution

Our solution is producing high-quality, renewable HVO fuel from locally-sourced waste canola grain. This supports sustainability, reduces emissions and boosts the local economy.

Our technologies

This solution is based on technologies

How it works

PitchBob’s recommendation: We convert waste canola grain into diesel, using a multistep process involving oil extraction, refinement and hydrotreating.

Value for the client

PitchBob’s recommendation: Our customers can reduce emissions, save costs, improve sustainability and become environmentally responsible with our HVO fuel.

Market and strategy

Market size

50

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

25

% of the market

Is our goal in the next 3 years

Team

My name’s

Renzo Petersen

My key role in the product

My key role in our startup is leading Research and Development. I'm diligently responsible for trials, testing, and strategizing robust scaling models.

Team size and key members

In addition to external consultants, our team could greatly benefit from recruiting in-house talent like product managers, marketers, and data analysts.

Competitors

Competitors

Australia has significant HVO projects like BP's Kwinana project, which produces sustainable aviation fuel and renewable diesel. It also utilizes green hydrogen to enhance its biofuel production reflecting a global trend towards integrated sustainability in energy.

Our Advantages

Our HVO biofuel, produced from canola grain, stands out for its high oil content and cleaner burning properties due to low sulfur and nitrogen levels. It enhances sustainability through efficient use of non-edible resources and supports local economies while significantly reducing greenhouse gases.

Business model

it would cost $1 to make and sold $1.76

Traction

lab scale trial

By leveraging government grants and incentives, we aim to further advance our company's growth and progress.

Metrics

As we are in the R&D phase, our key metrics focus on energetic efficiency and production cost of HVO. We use benchmarking tools and monitor industry trends to optimize operations for a sustainable business model.

Incorporation

Our company incorporated in

Perth, western Australia

Key risks

The main risks of our startup, WA Canola Co, are possible fluctuations in local canola supply due to climate conditions or industry changes, potential regulatory shifts impacting renewable energy initiatives and unpredictability of market demand for alternative fuel sources.

Investments

$

100000

We raised investments

Our Investors

equity funding

Rising Investments

$

100000

Currently, we are raising investments

$

1000000

Estimated pre-investment valuation of the company

We’re looking for a co-founders

I'm seeking a co-founder for my startup, WA Canola Co, which plans to establish a renewable diesel production facility in Western Australia. We aim to maximize the use of locally-sourced waste canola grain by transforming it into Hydrotreated Vegetable Oil (HVO), thereby fostering sustainability and reducing carbon emissions in the local mining sector. The core responsibilities of the co-founder would include operational guidance, partnering in decision making, and crafting strategic plans for scalable growth. We desire someone who is passionate about renewable energy, has a firm grasp of the sustainability sector, and an entrepreneurial spirit that mirrors our mission of reducing environmental impacts and supporting local economies. Our startup is still at the idea stage, and we're in the process of building a strong team to propel us through the initial phases of our journey. We've identified potential competitors, and the co-founder's insights could be invaluable to fine-tuning our strategies and positioning the startup on the path to success.

Open positions

Based on our WA Canola Co's profile, we are opening a new role and we welcome you to apply for it. The position that we are recruiting is a Product Manager. Your general tasks will involve the following: 1. Oversee the product lifecycle from ideation to completion. 2. Collaborate with the research and development team to better understand customer requirements and design product specifications accordingly. 3. Work hand-in-hand with marketing to efficiently launch the product. 4. Evaluate competitors and market trends to ensure our product remains competitive in the crowded market of renewable energy solutions. 5. Aid in developing proposals for government grants and incentives to further our project development. 6. Assess and respond to potential risks to the project, such as fluctuations in local canola supply, regulatory changes, and market demand unpredictability. 7. Use key metrics such as energetic efficiency and production cost of HVO to refine our product.

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Additional information

Our startup is a family-run business, taking pride in its roots with one partner of indigenous heritage.

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