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Federico Maria (·¶µÂÈð) Grati

Smart Oil is developing a sustainable biofuel industry in Ghana by growing jatropha plantations and producing biodiesel from the oil seeds. They have established pilot plantations and a production process, creating local jobs. Their biodiesel is 20% cheaper than diesel and reduces greenhouse gases by 80%. With 10,000 acres farmed by 2014, they will annually produce 2 million gallons of cheaper, cleaner fuel for use in generators, vehicles, and aviation. This supports rural development and the environment in Ghana and beyond.

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Developing a sustainable biofuel industry in Ghana Description Smart Oil is creating thousands of jobs in rural West Africa by producing a cheaper substitute for diesel fuel derived from jatropha plantations. Headquarters Ghana Established 2008 Impact Areas West Africa Type For Profit Sectors Clean Tech & Energy Staff Size 25 Annual Budget $650,000 Major Funders Futuris Spa (Italy) Key Awards 2009 BEST Fulbright 2010 CTI - PFAN Best Clean Tech Initiative in West Africa 2010 Italian confindustria young entrepreneurs award 2011 EC Grant: Energy Facility and Intelligent Energy $1M (Granted to Agroils subholding) Smart Oil Target Market Smart Oil sells biodiesel as a diesel substitute in the Brong Ahafo Region in Ghana to be used for off-grid power generation ($350M market), fuel for cars, trucks and barges ($250M market. As the production grows, Smart Oil will target regional markets including fuel to power GSM towers ($150M market with 300% annual growth), and international aviation carriers ($400M bio jet-fuel market for Lufthansa alone). In the long term, the company aims to sign off-take agreements with leading reneweable energy companies in Europe. Value Proposition Jatropha is a tree that annually produces non-edible oil seeds that can easily be converted into fuel oil or biodiesel. We grow Jatropha trees in large farms in rural Ghana and convert this product into biodiesel for sale both locally and internationally. Also thanks to stable commercial relationships with local small farmers, we create permanent jobs in poor rural areas. Locally, our product is 20% cheaper than traditional diesel fuels, is environmentally friendly, and is an 80% reduction in greenhouse gases. It is appropriate for use in everything from local diesel generators to large, international aircarriers. With 10,000 acres farmed in 2014, we will anually produce 2 million gallons of a cheaper diesel substitute. ¡°What if in sub-Saharan Africa someone could create thousands of jobs, cut the cost of fuel, and have a positive impact on the environment? With Smart Oil, we want to tell a sucessful story in rural Ghana, and finally move towards a global scale.¡± Frede rico Maria Grati , CO-FOUNDER & MANAGING DIRECTOR CONTACT US www.scu.edu/socialbenefit S M A R T O I L F R E D E R I C O . G R A T I @ F U T U R I S . I T +233 247 44.44.28 (IT) +39 346 6963 010 (GH) fre derico .grati @futuris .IT it .lin kedin .com /in /grati GSBI CLASS of 2011
Developing a sustainable biofuel industry in Ghana Outcomes Jobs Created Gallons Biodiesel Produced Total Expenses per Gallon Biodiesel www.scu.edu/socialbenefit T h is p rofile w as de v elo p ed duri n g t h e 2 0 1 1 G l o b a l S o c i a l Be n e f i t IncubatOR? , t h e sig n ature p rogram of Santa Cl ara Un i versi t y ¡¯s Center f or S c i e n c e , T e c h n o l ogy, a n d S o c i e ty. Milestones Achieved 2008 50 Acres of pilot plantations have been farmed. Agricultural model validated over last 3 years 2010 Optioned 70,000 acres of land from local authorities 2011 Pilot BioDiesel production 2011 Equity investment by Futuris Spa Growth Plan 2012 2,500 acres of farmland in production. Launch of family farm-ing programs 2013 Industrial production of Bio- Diesel 2014 10,000 acres of farmland in production. 2,500 employees and contractors 2016 1 million gallons biodiesel sold 2017 2 million gallons biodiesel per year sold, production until 2020 Impact to Date ? Proven reputation locally - 4 year project development and model validation ? Employed 20 local workers ? 10,000 gallons BioDiesel produced ? 40,000 Jatropha trees planted Investment Required $4.7 million debt investment ¡°Thanks to these young entrepreneurs, my motivation to invest has come back. This business idea does not cost too much, but the positive effect on the re-growth of the economy and on job creation is huge.¡± Gio vanni Vege zzi Journalist, IL Sole 24 ore

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Agroils-Smart-Oil_web-quality

  • 1. Developing a sustainable biofuel industry in Ghana Description Smart Oil is creating thousands of jobs in rural West Africa by producing a cheaper substitute for diesel fuel derived from jatropha plantations. Headquarters Ghana Established 2008 Impact Areas West Africa Type For Profit Sectors Clean Tech & Energy Staff Size 25 Annual Budget $650,000 Major Funders Futuris Spa (Italy) Key Awards 2009 BEST Fulbright 2010 CTI - PFAN Best Clean Tech Initiative in West Africa 2010 Italian confindustria young entrepreneurs award 2011 EC Grant: Energy Facility and Intelligent Energy $1M (Granted to Agroils subholding) Smart Oil Target Market Smart Oil sells biodiesel as a diesel substitute in the Brong Ahafo Region in Ghana to be used for off-grid power generation ($350M market), fuel for cars, trucks and barges ($250M market. As the production grows, Smart Oil will target regional markets including fuel to power GSM towers ($150M market with 300% annual growth), and international aviation carriers ($400M bio jet-fuel market for Lufthansa alone). In the long term, the company aims to sign off-take agreements with leading reneweable energy companies in Europe. Value Proposition Jatropha is a tree that annually produces non-edible oil seeds that can easily be converted into fuel oil or biodiesel. We grow Jatropha trees in large farms in rural Ghana and convert this product into biodiesel for sale both locally and internationally. Also thanks to stable commercial relationships with local small farmers, we create permanent jobs in poor rural areas. Locally, our product is 20% cheaper than traditional diesel fuels, is environmentally friendly, and is an 80% reduction in greenhouse gases. It is appropriate for use in everything from local diesel generators to large, international aircarriers. With 10,000 acres farmed in 2014, we will anually produce 2 million gallons of a cheaper diesel substitute. ¡°What if in sub-Saharan Africa someone could create thousands of jobs, cut the cost of fuel, and have a positive impact on the environment? With Smart Oil, we want to tell a sucessful story in rural Ghana, and finally move towards a global scale.¡± Frede rico Maria Grati , CO-FOUNDER & MANAGING DIRECTOR CONTACT US www.scu.edu/socialbenefit S M A R T O I L F R E D E R I C O . G R A T I @ F U T U R I S . I T +233 247 44.44.28 (IT) +39 346 6963 010 (GH) fre derico .grati @futuris .IT it .lin kedin .com /in /grati GSBI CLASS of 2011
  • 2. Developing a sustainable biofuel industry in Ghana Outcomes Jobs Created Gallons Biodiesel Produced Total Expenses per Gallon Biodiesel www.scu.edu/socialbenefit T h is p rofile w as de v elo p ed duri n g t h e 2 0 1 1 G l o b a l S o c i a l Be n e f i t IncubatOR? , t h e sig n ature p rogram of Santa Cl ara Un i versi t y ¡¯s Center f or S c i e n c e , T e c h n o l ogy, a n d S o c i e ty. Milestones Achieved 2008 50 Acres of pilot plantations have been farmed. Agricultural model validated over last 3 years 2010 Optioned 70,000 acres of land from local authorities 2011 Pilot BioDiesel production 2011 Equity investment by Futuris Spa Growth Plan 2012 2,500 acres of farmland in production. Launch of family farm-ing programs 2013 Industrial production of Bio- Diesel 2014 10,000 acres of farmland in production. 2,500 employees and contractors 2016 1 million gallons biodiesel sold 2017 2 million gallons biodiesel per year sold, production until 2020 Impact to Date ? Proven reputation locally - 4 year project development and model validation ? Employed 20 local workers ? 10,000 gallons BioDiesel produced ? 40,000 Jatropha trees planted Investment Required $4.7 million debt investment ¡°Thanks to these young entrepreneurs, my motivation to invest has come back. This business idea does not cost too much, but the positive effect on the re-growth of the economy and on job creation is huge.¡± Gio vanni Vege zzi Journalist, IL Sole 24 ore