Wednesday, 09 July

TerraSol Energy joins forces with FasterCapital to revolutionise plastic waste-to-energy market

Business
Terrasol Energy logo

TerraSol Energy Industries, a trailblazing Ghanaian start-up converting plastic waste into ultra-low sulfur diesel, has entered a strategic partnership with Dubai-based venture builder FasterCapital through its LaunchUp programme.

The collaboration is set to propel TerraSol’s innovative waste-to-energy solution onto a global stage, as the company seeks to scale operations and reduce Ghana’s reliance on imported diesel.

The partnership comes at a critical time for Ghana, which is grappling with two major challenges: plastic pollution and energy scarcity.

TerraSol’s advanced pyrolysis technology addresses this by converting up to 95% of non-recyclable plastic waste into clean diesel fuel.

With production capacity reaching 720,000 litres per day, the company aims to replace 17% of the country’s diesel imports with a cleaner, locally produced alternative.

“TerraSol Energy’s unique pyrolysis solution not only addresses a significant market inefficiency but also aligns perfectly with global sustainability trends,” said Hesham Zreik, Founder and CEO of FasterCapital.

“We are excited to support their journey through LaunchUp and help accelerate their impact across Ghana and the region.”

TerraSol’s clean diesel meets stringent international fuel quality standards and is significantly less polluting than traditional fossil fuels.

Unlike conventional recycling methods, the company’s process targets plastic types that typically end up in landfills or the ocean, supporting a circular economy model and creating local job opportunities through community-focused development programs.

Justice Adu Asiedu, Co-Founder of TerraSol Energy, described the partnership as a validation of the startup’s mission. “Partnering with FasterCapital validates our vision to transform plastic waste into clean energy at scale,” he said.

“Their global expertise and resources will be instrumental in fast-tracking our growth, enabling us to deliver economic, environmental, and social benefits to Ghanaian communities and beyond.”

In the next 12 months, TerraSol aims to finalise operations at its pilot plant, obtain necessary regulatory approvals, and expand production to meet surging demand.

The company is currently seeking $50 million in funding to support infrastructure growth and boost research and development.

With support from FasterCapital, TerraSol is also planning regional expansion into neighbouring West African markets, reinforcing energy security and contributing to broader climate action goals.

 

The TerraSol-FasterCapital partnership marks a significant step forward in Africa’s transition to clean, sustainable energy, setting the stage for innovation-led environmental and economic transformation.

Source: Classfmonline.com/Cecil Mensah