Unraveling WLabku's Scenario, Recycling Sugarcane Bagasse to Accelerate "Zero Carbon Emission" in Indonesia
An excerpt of DailySocial's discussion with the Gayo Capital team about its portfolio
"Many business leaders are seeing the relationship between long term success and sustainability, and that’s very heartening." — Jacqueline Novogratz, entrepreneur
There are various perceptions about the hardship of environmental impact business. First, it is difficult for startup players to generate inclome--let alone profit--and it obviously takes a long time. Second, these beliefs have limited investors' interest. However, that doesn't mean it doesn't exist.
Many startups are carrying a mission to save the earth instead of earning profit beforehand. In Indonesia, you can count it on the finger of one hand. It includes a renewable energy startup Xurya and waste management startup Duitin. The objective is to make the earth greener and friendly to humans.
WLabku, a waste management startup backed by Gayo Capital impact investor, is carrying the same mission, which is to recycle bagasse into a valuable product in order to achieve zero carbon emission acceleration in Indonesia.
DailySocial had a discussion with two important figures at Gayo Capital, Jefri R Sirait as Co-Founder & Managing Partner and Eldo Wana Kusuma as Investment Principal about recycling development, business metrics, and environmental impact in this business segment.
Founded in 2019, WLabku is a waste management startup that recycles sugarcane waste as animal feed (bagasse). In additiont, this recycled product can be used as biofuel (plant and animal based) to produce heat, energy, electricity, as well as manufacture of pulp and building materials. The quantity obtained ranges from 22%-36%, depending on the portion of fiber and cleanliness of the sugarcane supply.
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