Overview:
Frontier Bioenergy Systems (FBS) is a company that is using biochar and other organic forms of waste to power agrarian livelihood. Agriculture entities output large amount of waste/emissions and are some of the driving reasons behind recent market adoption of sustainable energy and carbon-focused technologies. Market:
- A majority in the agricultural space don't have the capital to acquire alternative solutions than their status quo of waste, or simply don't want to learn how to use them.
- Limited competition in the space- resulting in FBS pivoting towards focusing on agrarian used cases. Planning on expanding to other verticals like government and waste management FBS is solving this problem by democratizing access to pyrolysis and by targeting verticals like:
- Industrial Livestock Operations
- Industrial Poultry Farming
- Alcoholic Beverage Production GTM Strategy/Revenue Channels:
- Not focused on monetizing the energy, focused on the sales of biochar and carbon credits.
- Their team is projecting the ability to process 8+ tons of manure/unit/day which would produce 4 tons of biochar which would be sold to local agrarian operations and used as a soil amendment/remediation solution.
- Forecasting that for each ton of manure their pyrolysis unit can sequester 0.72 tons of carbon ($98) and outputs 0.56 tons of biochar ($280) allowing them to break even on each unit after 1,852 tons are processed or after roughly 232 days. Technology:
- They are fusing off-the-shelf technology through a tech-enabled process.
- Actively working with a legal group to file a process patent, to provide defensibility. Hurdles in my eyes:
- Regulatory compliance with the standards set by organizations like TCEQ and NRCS
- Maintaining Defensibility