Project ELEPHANT GRASS

Corekees project since 2022

A sustainability project in Kenya that combines financial returns with carbon offsetting and the production of sustainable fuel briquettes.

Verkoop Laatste 25%Dinsdag 27 September 10:00

€153,985

100% Achieved
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Total campaign: €153,985
Price per bond: €65.-
ROI: On average 8.5%/year
Maturity: 5 years
Returns paid out: no

Process

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A GREEN INVESTMENT

With your investment, we plant Elephant Grass in the Kisaju region. This grass grows incredibly fast and stores CO2 in its roots. One square meter of grass absorbs 1.1 kg of CO2 per year and is harvested quarterly. The harvested grass is dried and then pressed into large briquettes. These briquettes are sold to industrial manufacturers. For example, producers of instant noodles and a factory where milk is pasteurized. These manufacturers use the briquettes as a sustainable and cheaper alternative to the wood- or fossil-fired machines commonly used in Kenya. We let the proceeds from sales flow back to our investors. 

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Briquettes are a sustainable alternative to firewood. Because of their higher energy density, briquettes burn much more efficiently. Moreover, they are also cheaper than other industrial fuels.

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Elephant grass stores 20% of its CO2 in its roots. Moreover, the grass can be harvested up to 6 times a year without releasing this absorbed CO2 back into the atmosphere. 

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It takes very little energy to process the grass into briquettes. As a result, the entire carbon cycle is negative.  

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Is Biomassa een duurzame energiebron?
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    50 M2 is one bond

    In short, you borrow our money (€63 per 50 M2) to plant Elephant Grass in Kenya. For 5 years you will receive a return and we will pay back your loan. Below we give you insight into what the investment and returns are made of. Want to dive deeper into it? Then download our Project Elephant Grass Information Brochure.

    Investment
    Returns

    INVESTMENT SPEND PER 50M2 OF ELEPHANT GRASS

    Every 50M2 of Elephant Grass is represented by a bond with a (nominal) value of €63. With the purchase of a bond you lend Corekees money to buy, plant and maintain Elephant Grass. We spend the €63,- per 50M2 of Elephant Grass on the following:
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    • PREPARING 12 HA OF LAND - €26.40

      Expenses such as digging a well, installing fences, fertilizing and plowing the field.

    • MAINTENANCE, GROUND RENT, WATER, ELECTRICITY, LABOR - €32.80

      We guarantee the care of the grass for 5 years. From month 9 all these costs are deducted from your profit. This is included in the expected return.

    • MANAGEMENT FEE COREKEES - €2.90

      (5%) remains as management fee for Corekees.

    • EXCHANGE RATE PREMIUM KENYAN SHILLING VS. EURO - €2.90

      So that we can convert your Euros to Kenyan Shillings.

    ANNUAL RETURNS PER 50M2 OF ELEPHANT GRASS

    You will receive the income from the briquettes of your Elephant Grass in the form of returns. This consists of a repayment of your loan and interest on the borrowed amount. The calculation of the return is based on 2 main factors: the weight of the dried Elephant Grass and the price per kilogram of briquettes. Before we pay out your return, a number of costs are met. After deducting these costs, what remains per bond is an average return of 8.5% per year. The distribution of costs and returns per bond is as follows:
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    • REDEMPTION BOND INVESTOR - €15.00

      The redemption of the bond amount.

    • INVESTOR RETURN - €6.40

      The average profit paid to you per 50 M2 of Elephant Grass.

    • COSTS COREKEES - €5.80

      The portion Corekees needs for its own operations around this project.

    • COST WECOL - €26.60

      WeCol does the most work and therefore has the highest costs. Think of production costs, office costs, personnel costs, etc.


    Bereken jouw toekomstige rendement

    THE IMPACT OF PROJECT ELEPHANT GRASS

    There are a number of reasons why Elephant Grass is a great circular product. The briquettes are easy to use and at the same time hugely innovative. Energy from Elephant Grass briquettes is more efficient, cheaper and more sustainable than all the alternatives. Want more information about this project? Then download the Project Elephant Grass information brochure.

    PREVENTING DEFORESTATION AND REDUCING EMISSIONS

    Africa is a continent that is developing at lightning speed and Kenya has one of the fastest growing economies. While this is good news for Kenyans, it is simultaneously causing increasing deforestation and higher CO2 emissions. Combating the harmful effects of these developments requires smart solutions. One such solution is the planting of raw materials for renewable energy sources. This is why we are contributing to the energy transition in this region with Project Elephant Grass. By investing in Elephant Grass, we are preventing deforestation and developing a renewable fuel that allows Kenyan companies that do not have access to green energy to still operate sustainably.

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    THE ENERGY TRANSITION IN KENYA

    We are used to an incredibly well-functioning energy system. Our electricity grid is reliable, affordable and widely branched. In Kenya, the opposite is true. Electricity from Kenya Power is unavailable, unreliable and expensive in many places. For this reason, many Kenyan businesses rely on other sources of energy, mainly firewood or briquettes made from sawdust from felled trees. Wood has the disadvantage that it grows slowly and trees have more value if you leave them standing. However, wood-fired machines work just as well on briquettes made from Elephant Grass. This solution is not only cheaper than wood, but also more sustainable. This is because Elephant Grass grows very fast and can therefore be harvested up to 6 times a year. With each harvest, 20% of the compensated CO2 remains stored in and around the roots of the grass.

    BUT WHY ELEPHANT GRASS?

    • The grass is enormously strong and resistant to persistent drought  
    • Elephant grass grows incredibly fast and can grow up to 4 meters tall.

    • 50 M2 of grass offsets 55 kg CO2/year*  
    • It is a native fauna species that has already proven itself as a sustainable fuel. 
    • Elephant grass is harvested six times a year and processed into renewable fuel briquettes  
    • Elephant grass grows well on marginal land and hardly needs any water or fertiliser.

    • The briquettes have a higher energy density than wood. This makes them much more efficient to use.
    • Elephant grass harvest is not seasonal . It can be harvested at any time.

    Download information brochure
    *The CO2 figures are partly based on assumptions. No rights can be derived from these. The CO2 figures will be continuously verified during the project. Read more about our calculations in the CO2-memorandum 

    JOIN +1000 OTHER COREKEES INVESTORS

    Kelian Mos
    Kelian Mos
    06/02/2023
    Handig platform om groene investeringen te doen en overzicht te houden op de voortgang van de geplante bomen, gecompenseerde CO2 en je eigen rendement.
    Freek van der Ploeg
    Freek van der Ploeg
    06/02/2023
    Erg tevreden met het platform! Mooie projecten met prima rendement
    Sascha Wolff
    Sascha Wolff
    06/02/2023
    Voor mij een mooie en vooral transparante manier om CO2 te compenseren. Je kunt naast eenmalig ook maandelijks bomen planten. Ik vind dit een erg mooi bedrijfsconcept, het is erg transparant wat ze doen. Bovendien nemen ze je op een hele leuke manier mee met je duurzame investering, door de levensfase van je investering in kaart te brengen en met bijv. de CO2 compensatie meter. Voor mij een mooie manier om mijn vluchten te compenseren. Een mooie duurzame investering, waarbij je locals helpt met werkgelegenheid, en als t goed is komt er ook nog een mooi rendement uit!
    Margo van Gils
    Margo van Gils
    04/02/2023
    Een mooi project waarmee de wereld weer een stukje groener wordt.
    MrKasperveldhuis
    MrKasperveldhuis
    04/02/2023
    Amazing initiative to help reduce your CO² footprint , give something back to nature AND gain some nice financial returns! A win-win situation!
    Justine Bots
    Justine Bots
    03/02/2023
    Een jong en fris team met een missie en een toekomstvisie! Dit laatste gaf bij mij de doorslag om al bij het prille begin van Corkees Pongamia bomen te kopen en later ook direct in te schrijven voor het Olifantengras-project in Kenia. Er wordt goed en open gecommuniceerd in voor en soms in [één mini] tegenspoed. Ik heb ALLE vertrouwen in Corkees!
    Maurits van Leeuwen
    Maurits van Leeuwen
    03/02/2023
    Een mooi rendement en ook nog wat goeds doen voor de wereld! Heb mooi aantal bomen gekocht en een abo voor 1 boom per maand voor de studie van m’n schoonzoon in de toekomst. Het is veel mooier om niet alleen naar rendement te kijken en een mooie planeet is ook een goed rendement!
    Robert Bron
    Robert Bron
    03/02/2023
    Een attractieve manier van impact beleggen waarbij je betrokken blijft door nieuws updates over je eigen Pongamia bomen. De website is duidelijk en de kosten transparant. Nu de opbrengst afwachten.
    sebastiaan de geest
    sebastiaan de geest
    03/02/2023
    Mooi transparant investeringsplatform in enkel duurzame projecten! WIN - WIN
    Stef Hollegie
    Stef Hollegie
    03/02/2023
    Corekees is een manier om.geld duurzaam en positief te beleggen. Ik heb er plezier in de foto's te krijgen van groeiende bomen tot een uiteindelijk volgroeide boom. Want ja, je krijgt regelmatig een update over het groeiproces van de boom waar je in geïnvesteerd hebt. Het is echt leuk om te doen.
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    HOW CAN I INVEST?

    Investing at Corekees is as easy as shopping at an online store. On our platform you decide how much square grass you plant. Payment is simply via iDeal or Sofort.

    START INVESTING
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    FREQUENTLY ASKED QUESTIONS

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