ProjectUpdated on 9 August 2025
Sedna Big River Plastic to Energy Platform
About
Sedna Limited, a Hong Kong-domiciled investment platform, is tackling Africa’s plastic waste crisis with modular pyrolysis plants, starting in Cape Town’s Atlantis Special Economic Zone. Our flagship 4-reactor plant is in the pre-construction phase, pending EIA approval, and will process 30-40 tonnes of waste daily into diesel-equivalent fuel, syngas, and char. We’re scaling to five sites across South Africa (total value USD25M), seeking USD20M for the next four, with expansion plans for Mauritius and Seychelles.
Leveraging proven technology from Chinese partner Shangqiu Aotewei (equity stakeholder), our HK structure ensures offshore security and USD returns. Outputs include low-sulphur fuel (Nestlé LOI), grid-exportable power, and carbon credits, projecting >25% IRR. Aligned with UN SDGs (7, 11, 12, 13), we aim to create 50+ jobs per site and divert tens of thousands of CO2e annually.
This BRI-ready project bridges China-Africa green infrastructure, supported by partnerships (e.g., IUCN MOU) and local equity participation. We seek strategic investors—funds, EPCs, or manufacturers—to accelerate deployment, offering equity and debt returns in a replicable, high-impact model.
Investment Opportunity
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Amount Sought: USD20 million
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Funding Purpose: Capital expenditure for four additional pyrolysis plants (sites 2-5) in Western Cape and Gauteng, including equipment, construction, and working capital, post-EIA approval for the Cape Town site.
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Structure: Combination of equity (30% of new sites) and 8% IRR debt (2-year payback), secured by OpCo shares and off-take agreements.
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Return Profile: >25% IRR at full scale, with revenue from fuel sales, power PPAs, and carbon credits.
(Adjusted to note EIA dependency, maintaining financial clarity.)
Key Highlights
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Flagship site in Cape Town’s Atlantis SEZ, pre-construction pending EIA approval.
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Strategic Chinese tech partnership (Shangqiu Aotewei) with equity stake.
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Off-take LOI with Nestlé for low-sulphur fuel.
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MOU with IUCN IslandPlas for waste supply and regulatory support.
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HK holding co ensures offshore stability; SA OpCos handle local execution.
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Aligns with BRI green infra and UN SDGs, targeting 24k tonnes waste diversion/year.
(Updated to reflect pre-construction and Cape Town.)
Contact Information
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Name: Jean Craven
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Title: CEO, Sedna Limited
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Email: jean@sedna.earth
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Phone: +27 82 572 2738
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Company Website: sedna.earth
Project Location
- South Africa
Project Format
- Private Project
ESG (Environmental, Social, and Governance)
- Yes
Project Stage
- Project Planning
Government approval on
01/02/2025
Tender submission by
N/A
Contract awarded on
N/A
Target completion by
31/03/2027
Main Project Sector
- Energy and Natural Resources
- Manufacturing
Energy and Natural Resources
- Waste To Energy
Technology
- Environmental Technology
Total Project Value
- 10,000,001 to 25,000,000 USD
Investment Capital Required
- 10,000,001 to 25,000,000 USD
Interested Format of Cooperation
- Joint Venture
- Minority Shareholdings
Preferred Financing Model
- Open for negotiation
Previous Funding Stage
- None
Return on Investment
25%+
Main Service(s) Required
- Financial Services
Environmental Services
- Resource Recycling
- Waste Management
Organisation
Cape Town, South Africa
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