Region and country of operations: Asia, Indonesia
Jurisdiction of registration: Singapore
Business sector: Biofuels
Date of agreement (month/year): 12/2017 (2012, 2013, 2014, 2016 not disclosed)
Finnfund’s financing: USD 500,000
Share of Finnfund’s financing: 35%
Size of project/financing: USD 1,500,000
Environmental and social category: B
The company produces pellets in Surabaya, Indonesia, using residues from mechanical forest industry, mainly furniture manufacturing industry. Pellets are burnt to generate renewable energy.
Main development impact
SaraRasa uses wood residues from mechanical forest industry and therefore supports efficient use of wood material. The company will also have positive environmental impacts through its product which is used to produce energy from renewable raw material. The company employs 68 persons.