ProjectUpdated on 9 September 2025
Big River Plastic to Energy Platform
About
Sedna International is pioneering five pyrolysis plants in South Africa, transforming waste plastics into paraffinic/light oils (42 tons/day/plant) and char (17-21 tons/day/plant). Plants include Atlantis (Cape Town, ops Q4 2026), Pretoria (ops Q2 2027), Johannesburg (ops Q4 2027), Cape Town (ops Q3 2028), Durban (ops Q2 2028)—staggered rollouts from March 2026, EIA-dependent. Each features 8 reactors; Waste Group secures sites and feedstock. Chinese partners Shangqiu Aotewei (reactors) and Wuhan Huayu Keneng (construction) provide $11.89M vendor financing, de-risking via in-kind contributions. Developer-funded via Sedna Devco (20% local partner), HK-domiciled for offshore security/USD returns. Seeking USD29.70M: USD28.15M capex (balance for Pretoria, Johannesburg, Durban, Cape Town) + USD0.82M development + USD0.24M opex runway to Atlantis ops. Structure: Preference shares (11% interest, 3-4 year payback, 1-yr grace), 20% equity. Yields 15-29% IRR for VCs; unlevered 27-50% over 5-10 years. EBITDA USD44-50M by 2030. ESG impact: Diverts 63,750 tons/year, avoids 25,000 tons CO2e, creates 200 jobs (30% female). Aligns with 7 UN SDGs and BRI green infra. Offtake: Nestlé ($19.4M/yr). Seeks HK VCs for Chinese synergies.
Project Location
- South Africa
Project Format
- Private Project
ESG (Environmental, Social, and Governance)
- Yes
Project Stage
- Project Planning
Government approval on
Ongoing
Tender submission by
not applicable; private project, no tenders
Contract awarded on
not applicable; vendor financing via partners, no external contracts awarded yet
Target completion by
Late 2028
Main Project Sector
- Energy and Natural Resources
- Manufacturing
- Public Utilities
- Technology
- Urban Development
Energy and Natural Resources
- Waste To Energy
Manufacturing
Pyrolysis Equipment Manufacturing
Technology
- Environmental Technology
Total Project Value
- 25,000,001 to 50,000,000 USD
Investment Capital Required
- 25,000,001 to 50,000,000 USD
Interested Format of Cooperation
- Joint Venture
- Minority Shareholdings
Preferred Financing Model
- Open for negotiation
Previous Funding Stage
- None
Return on Investment
17-31% IRR for VCs (11% interest, 3-4 year payback, 1-yr grace + 20% equity); unlevered 27-50% project IRR over 5-10 years
Main Service(s) Required
- Financial Services
Environmental Services
- Resource Recycling
- Waste Management
Financial Services
- Private Equity & Venture Capital
Information Technology Services
- Digital Certification
Attached files
Organisation
Cape Town, Hong Kong, South Africa
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