Project - Green Gold International Ltd.

Company

Category

Investor in Environment

Project description

Project Aim

Green Gold International has found a solution for grape pomace by utilizing 100% of it and leaving behind 0% waste. In doing so, the company enables all winemakers to close the loop on their own production by extending the lifecycle of the residual product. Currently, the pomace is being disposed of in special places, such as composting facilities, where it is left to decompose. In the process, a large amount of harmful CO2 emissions is released, and the potential of the product remains untapped. Green Gold provides winemakers with a sustainable solution to manage the waste from their operations, simultaneously producing two natural products with multiple benefits and applications. That's how the loop is closed!

Project Target Group

Green Gold's cold-pressed oil has multiple benefits across three industries, namely cosmetic, pharmaceutical and culinary. It can be a valuable ingredient in moisturizing creams, body oils, medical cosmetics, dressings and much more. The biopellets can be used to heat a home as well as power the operations of an entire enterprise. Green Gold is a B2B company and communicates primarily with manufacturers in the 3 industries mentioned above.

Project Duration

Green Gold was started in 2022 by Boyan Zahariev, a 25-year-old academic turned-entrepreneur with a vision for cleantech and green innovation before those words were popular. Seeing the potential in Bulgaria’s leading wine-making industry, he sought to capture the by-product streams in a way that could deliver maximum value added and most environmental benefits. From a small pilot start-up to a large processing facility, from a team of one to company of many, Green Gold enters world markets.

Project Activities

Given that the company is a start-up, it has only participated in two social events so far, namely TEDx Vitosha and PWC Awards. There is a media post in the Capital newspaper with a link: https://www.capital.bg/biznes/predpriemach/2023/12/25/4554086_zeleno_zlato_ot_vineni_otpaduci/

Project Results

The idea of Green Gold fundamentally changes the way we can look at any production. The 21st century is the time to use the resources we are given in the most optimal way possible. Closing the circle of winemaking, Green Gold manages to create not one, but two natural products that can enter our everyday lives, giving a multitude of benefits that businesses are looking for, sourcing the raw materials they need, leaving an unnecessarily large carbon footprint. Green Gold is an innovation that embodies the term so fashionable nowadays - sustainable business. A business that earns and delivers value that is not at the expense of future generations. The company has the potential to save tonnes of carbon dioxide on an annual basis.