WasteFuel
WasteFuel (Los Angeles, founded 2021) is a pre-revenue waste-to-renewable-fuel developer that converts municipal and agricultural waste into biomethanol, SAF, and RNG via its proprietary WasteFuel Methanol Module, supplying long-term offtake customers including Maersk and NetJets across a six-project global pipeline.
- Company typePrivate
- Founded2021
- HeadquartersLos Angeles, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What WasteFuel does
WasteFuel is a Los Angeles-based, privately held developer and operator of waste-to-renewable-fuel production assets, founded in 2021. The company converts municipal solid waste and agricultural waste into three product streams — biomethanol, sustainable aviation fuel (SAF), and renewable natural gas (RNG) — using a combination of anaerobic digestion, biogas upgrading, and its proprietary WasteFuel Methanol Module™, which employs simultaneous wet and dry reforming to produce up to 100 metric tons per day of fuel-grade methanol per module at the waste site. A provisional patent has been filed on the module's novel configuration.
The company monetizes through three revenue streams: (1) direct sale of biomethanol, SAF, and RNG under multi-year B2B offtake agreements with industrial buyers — notably a 30,000+ tons/year commitment from A.P. Moller–Maersk (from 2024) and a 100M-gallon/10-year SAF commitment from NetJets; (2) licensing of the WasteFuel Methanol Module™ to waste owners, biorefinery developers, and petrochemical companies; and (3) project development through joint ventures with regional partners such as Prime Infrastructure Capital (Philippines) and ITC (Türkiye). Strategic investors are tightly coupled with offtake counterparties — bp ventures led the Series B and signed a parallel offtake MOU and technical collaboration; Maersk Growth holds equity and a board seat; NetJets, i(x) Net Zero, Marc Benioff's TIME Ventures, Guy Oseary, and Aileen Getty are also investors.
The current project portfolio comprises six renewable fuel production developments targeting first commercial operations in 2029, with the Ankara biomethanol facility in Türkiye (developed with ITC; 45,000 metric tons/year capacity from Q1 2028; processing 1.8M tons/year of municipal waste) as the flagship. The company is pre-revenue: no commercial fuel sales or licensing royalties are disclosed, headcount is 11–50, and leadership has transitioned through three CEOs in five years — most recently Mark Dennes, appointed February 2026 to accelerate global expansion, succeeding David Trench (2024–2026) and founder Trevor Neilson.
WasteFuel firmographics
Firmographics- Name
- WasteFuel
- Legal name
- WasteFuel Global LLC
- Website
- https://wastefuel.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- WasteFuel (Los Angeles, founded 2021) is a pre-revenue waste-to-renewable-fuel developer that converts municipal and agricultural waste into biomethanol, SAF, and RNG via its proprietary WasteFuel Methanol Module, supplying long-term offtake customers including Maersk and NetJets across a six-project global pipeline.
- Ownership category
- akta.pro rank
WasteFuel industry classification
Industry- Product category
- Sustainable Fuel Production
- NAICS
- Petrochemical Manufacturing (32511)
- SIC
- Industrial Organic Chemicals (2860)
- akta.pro primary industry
- Biofuels & Renewable Fuels Switching (Biomethane/RNG, Bio-oils, Sustainable Biomass) (EUABAJAD)
- akta.pro secondary industries
- Biofuel Upgrading, Hydrotreating & Refining (Co-processing, Isomerization) (EUAAAHAG), Biogas Upgrading to RNG & Injection/Fueling (Gas Cleanup, Compression) (EUAIAEAF), Alternative Low-Carbon Marine Fuels Bunkering (Methanol, Biofuels, Ammonia, Hydrogen) (TLAHAKAC)
Keywords
Where WasteFuel is headquartered
LocationHeadquarters
- HQ city
- Los Angeles
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
WasteFuel business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Technology or R&D, Personnel, Infrastructure, Marketing or Sales
Revenue model
- Biomethanol Production & Sale: WasteFuel produces green/biomethanol from municipal and agricultural waste at dedicated biorefinery facilities. Revenue is generated through the sale of biomethanol under long-term offtake agreements to maritime shipping companies (e.g., Maersk) and other industrial buyers. Pricing and volumes are contractually agreed, typically multi-year offtake commitments.
- Technology Licensing: WasteFuel licenses its proprietary WasteFuel Methanol Module technology to third parties including waste owners, biorefinery developers, and petrochemical companies, generating licensing fees and royalties. This enables broader adoption of the technology without WasteFuel directly operating every facility.
- Sustainable Aviation Fuel (SAF) and Renewable Natural Gas (RNG): WasteFuel produces SAF and RNG from waste feedstocks alongside biomethanol. Revenue from SAF (e.g., NetJets 100 million gallon commitment) and RNG sales provides diversified revenue streams across transportation sectors including aviation, shipping, and heavy transport.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | B2B offtake — long-term supply agreements for biomethanol |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
WasteFuel product offering
Product offeringCore offering
WasteFuel develops, owns, and operates biorefinery assets that convert municipal solid waste and agricultural waste into low-carbon sustainable fuels—primarily green biomethanol, sustainable aviation fuel (SAF), and renewable natural gas (RNG). Its proprietary WasteFuel Methanol Module™ uses simultaneous wet and dry reforming to produce fuel-grade methanol at waste sites, and the company sells fuels under long-term offtake agreements to shipping lines and aviation operators while licensing its technology to third parties.
Product overview
WasteFuel is a fully integrated developer, owner, and operator of sustainable fuels assets that produces low-carbon fuels from municipal solid waste and agricultural waste. The company operates a platform-plus-modules architecture consisting of three core fuel products (Biomethanol, Sustainable Aviation Fuel, and Renewable Natural Gas), the proprietary WasteFuel Methanol Module™ technology (available for licensing), and the WasteFuel Marine sub-brand for maritime applications. The flagship project is the Ankara Biomethanol Project in Turkey, with additional projects under development globally. Strategic partnerships include bp, Maersk, and Prime Infra.
Differentiator
Problem solved
Functional benefit
Brands
- WasteFuel Marine: A renewable fuel solution for the shipping sector, with bio-methanol for container ships as its initial product.
- WasteFuel Methanol Module
Products and services
- Biomethanol / Bio-methanol
Quantifiable outcome
- Up to 95% reduction in CO2 emissions compared to conventional fuels
- +6 more outcomes
Companies that use WasteFuel
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles4 records
WasteFuel technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
WasteFuel partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered major and core.
- Wison EngineeringmajorWison Engineering, a global leading energy and chemical EPC service provider, secured the FEED (Front-End Engineering Design) contract for the WasteFuel-ITC green methanol facility in Ankara, Turkey. This is the first biogas-to-methanol project in Turkey. Wison provides FEED design services for the project.
- ITC (Integrated Waste Management Group)coreWasteFuel and ITC (Turkey's leading integrated waste management company) partnered to develop a green methanol biorefinery at ITC's Ankara-Sincan facility — the first green methanol facility in Anatolia and one of the largest of its kind globally. ITC provides over 1.8 million metric tons/year of municipal waste supply and co-locates its biogas/landfill gas supply at the facility. ITC operates 14 facilities in 11 Turkish provinces handling 22% of Turkey's waste.
- bpcorebp and WasteFuel entered a partnership including a memorandum of understanding for the offtake of WasteFuel's biomethanol and a technical collaboration to improve bio-methanol production efficiency, yields, and economics. bp Ventures led WasteFuel's Series B fundraising round. WasteFuel can leverage bp's proprietary technology to optimize and improve its biomethanol production. Both companies are members of the Sustainable Markets Initiative (SMI).
- AverdamajorStrategic partnership with Averda, the leading end-to-end waste management, treatment and recycling company in emerging markets, including the development of the first commercial-scale municipal waste-to-renewable methanol plant in the Middle East.
- Prime Infra (Razon)coreEnrique Razon's Prime Infrastructure Holdings created WasteFuel Philippines as a subsidiary to develop a biorefinery in Luzon converting 1 million+ tons of municipal waste into 30 million gallons of low-carbon synthetic crude annually (targeting 2025). Guillaume Lucci of Prime Infra serves on WasteFuel's Board. Prime Infra is focused on sustainable infrastructure including renewable energy, water, and construction.
- NetJetscoreNetJets (Berkshire Hathaway-owned, world's largest private jet company) has committed to purchase a minimum of 100 million gallons of sustainable aviation fuel (SAF) from WasteFuel over 10 years. This offtake commitment anchors WasteFuel's SAF production plans in the Philippines and demonstrates demand from the aviation sector.
Scale indicators9 records
Recent moves7 records
Expansion highlights6 records
WasteFuel competitors and assessment
Company assessmentDirect peers
- Prometheus Fuels: Prometheus Fuels produces carbon-neutral gasoline and jet fuel from renewable sources. It is a direct competitor in the waste-to-sustainable-fuels space, pursuing similar end-markets (aviation and ground transport) with a different feedstock-to-fuel pathway but the same low-carbon B2B offtake model.
- LanzaTech: LanzaTech uses gas fermentation (carbon capture + waste gases) to produce sustainable aviation fuel and chemicals, including ethanol-to-jet pathways. Comparable to WasteFuel as a waste-gas-to-fuels producer targeting aviation off-takers and licensing its carbon capture and conversion technology.
- Aemetis: Aemetis produces renewable fuels (cellulosic ethanol, renewable diesel, SAF) from biomass and waste feedstocks at biorefinery scale. It is a directly comparable project developer in renewable fuels for transportation, with similar reliance on offtake agreements and project financing.
- Velocys: Velocys develops Fischer-Tropsch technology to convert waste and biomass into sustainable aviation fuel and renewable diesel. Comparable to WasteFuel as a technology platform company enabling waste-to-fuels projects with a focus on aviation and heavy transport off-takers.
- Infinium: Infinium (formerly Greyrock Energy) produces e-fuels including e-methanol and e-SAF from captured CO2 and green hydrogen. It competes directly with WasteFuel for green methanol offtake in maritime shipping and shares the same industrial B2B sales motion.
- HIF Global: HIF Global produces e-fuels (e-methanol, e-gasoline, e-jet) from green hydrogen and captured CO2. It is a comparable project developer competing for the same maritime and aviation decarbonization buyers, often securing multi-year offtake with shipping and energy majors.
- SunGas Renewables: SunGas Renewables provides gasification technology to convert biomass and waste into renewable fuels and chemicals, including methanol and SAF precursors. Comparable as a project technology licensor and developer in the waste/biomass-to-fuels space.
Broad incumbents
- Methanex: Methanex is the world's largest methanol producer, supplying conventional and renewable methanol globally. It is a broad incumbent in the same product market as WasteFuel's biomethanol, with established offtake relationships across shipping, chemicals, and fuel blenders.
- OCI Global: OCI Global produces methanol, ammonia, and nitrogen products globally and is investing in low-carbon methanol and ammonia capacity. It is a broad incumbent competing with WasteFuel for green-methanol offtake demand from shipping and chemicals customers.
Emerging players
- Topsoe: Topsoe licenses process technology for green methanol and SAF production and is a strategic technology partner for many biorefinery developers. Comparable as a methanol-process technology enabler (WasteFuel's former employee Gopal Panjwani came from Topsoe), and a potential licensor/competitor in green methanol plant design.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
WasteFuel social profiles
Digital presenceWasteFuel financial estimates
Financial estimateRevenue estimate
Valuation estimate
WasteFuel leadership team
Management profileNumber of profiles
Profiles12 records
WasteFuel funding detail
Funding detailFunding overview
Funding rounds3 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
WasteFuel M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about WasteFuel
What does WasteFuel do?
WasteFuel develops, owns, and operates biorefinery assets that convert municipal solid waste and agricultural waste into low-carbon sustainable fuels—primarily green biomethanol, sustainable aviation fuel (SAF), and renewable natural gas (RNG). Its proprietary WasteFuel Methanol Module™ uses simultaneous wet and dry reforming to produce fuel-grade methanol at waste sites, and the company sells fuels under long-term offtake agreements to shipping lines and aviation operators while licensing its technology to third parties.
Is WasteFuel a public or private company?
WasteFuel is a private company. It is classified as venture growth investor backed and is currently operating.
When was WasteFuel founded?
WasteFuel was founded in 2021. It employs 11 to 50 people.
Where is WasteFuel based?
WasteFuel is headquartered in Los Angeles, United States, in the North America region.
How does WasteFuel make money?
Three revenue lines are on record. Biomethanol Production & Sale is the primary driver. The others are technology Licensing and sustainable Aviation Fuel (SAF) and Renewable Natural Gas (RNG).
Who are WasteFuel's main competitors?
Direct peers on record are Prometheus Fuels, LanzaTech, Aemetis, Velocys, Infinium, HIF Global and SunGas Renewables. Broad incumbents are Methanex and OCI Global. Topsoe is listed as an emerging player.
Does WasteFuel have an API?
No public API is recorded for WasteFuel.
What industry is WasteFuel in?
WasteFuel's product category is Sustainable Fuel Production. Its primary akta.pro industry code is EUABAJAD, Biofuels & Renewable Fuels Switching (Biomethane/RNG, Bio-oils, Sustainable Biomass), with a secondary code of EUAAAHAG, Biofuel Upgrading, Hydrotreating & Refining (Co-processing, Isomerization). Its NAICS code is 32511 and its SIC code is 2860.