WasteX nets US$525K to help agri producers convert waste into higher-value products

Singapore-based WasteX, an agricultural processing waste startup, has announced its launch with an initial investment of US$525,000 from Wavemaker Impact.

Founded by CEO Pawel Kuznicki, WasteX helps Southeast Asia’s agricultural producers convert waste into higher-value products that fight climate change. The startup looks to tackle the problem of 3.5 billion tons of agricultural processing waste globally — dumped, burnt, or sold cheaply — by converting it to upgraded products with major financial, operational, and carbon benefits.

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The company provides an end-to-end solution to agricultural producers – from selecting the right technology, its deployment, and operational support to the certification for carbon credits and facilitation of the sale and application of higher-value products, such as biochar or black soldier flies.

WasteX has already started several pilot projects with clients, including integrated agricultural companies, independent mills, and livestock farms. Over time, it looks to digitise its solution significantly and connect diverse players along the biomass waste value chain to scale this new industry.

The early assessment of the opportunity comes with a potential market of over US$150 billion in GMV for the upgraded products and over 700 million metric tons in GHG reduction potential.

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WastX was born out of Wavemaker Impact’s 4-month-long venture-building process. Wavemaker Impact is a climate tech venture builder that co-founds sustainability startups with proven entrepreneurs to reduce 10 per cent of the global carbon budget by 2035. It aims to rally individuals, investors, and businesses that care about the planet and want to make a rapid, material change in reducing carbon emissions.

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