What Noovoleum does

Noovoleum Pte. Ltd., headquartered in Singapore and founded in 2022, operates a tech-enabled platform branded 'ucollect' that aggregates used cooking oil (UCO) from households and small commercial producers for downstream sale into sustainable biofuel supply chains, including renewable jet fuel. Its core technology stack consists of an iOS/Android mobile application with in-app mapping, a web application, and physical 'ucollect Box' smart collection points equipped with QR-code scanning that link each deposit to a user account. Users receive reward points pegged to local currencies (1 RP = 1 IDR in Indonesia, parity in SGD, THB, MYR, VND) redeemable for cash or charitable donations, while the company monetizes by aggregating collected UCO and selling it onward and by providing managed-services partnerships to enterprises deploying ucollect Boxes on their premises.

The company's go-to-market combines a consumer-led self-serve model (mobile app, zero-friction onboarding, community programs such as Green Energy Champions) with an enterprise sales motion targeting hotels, restaurants, cafés, and real-estate/retail sites (Alfamart, Paramount Land, Sinarmas Land). Distribution is anchored by strategic partnerships with PT Pertamina Patra Niaga for biofuel feedstock offtake and large Indonesian brands such as Mandiri Bank, BFI Finance, ExxonMobil, Anantara, and Viceroy, alongside government relationships (BAZNAS, BRIN, KLHK). Operations span five Southeast Asian countries (Indonesia, Singapore, Thailand, Malaysia, Vietnam) via local entities including PT PMA Noovoleum Indonesia Investama, with offices in Singapore, Jakarta, and Bandung.

Sustainability and traceability are positioned as core differentiators: Noovoleum holds ISCC EU self-declaration certification covering UCO origin verification and waste-prevention compliance, and it displays an ISO 9001 quality management badge. The company reports a user base of 150,000+ households and 1,000+ business partners as scale indicators. A Feb 2025 $3 million Series 1 led by Rigel Capital with participation from SANDS is the only disclosed funding event to date.

Name

Noovoleum

Legal name

NOOVOLEUM PTE. LTD.

Website

https://noovoleum.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Noovoleum Pte. Ltd. operates ucollect, a Singapore-headquartered Southeast Asian platform that aggregates used cooking oil from households and small businesses via mobile app and smart collection boxes, selling the feedstock into sustainable biofuel supply chains including renewable jet fuel.

Ownership category

akta.pro rank

Product category

Used Cooking Oil Recycling & Biofeedstock Aggregation

SIC

Refuse Systems (4953)

akta.pro primary industry

Biofuel Plant EPC, O&M & Process Technology Providers (EUAAAHAK)

Keywords

• Used cooking oil recycling
• Biofuel feedstock collection
• Smart waste collection
• Greentech platform
• Sustainability traceability software

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Used Cooking Oil Collection and Trading: The platform facilitates UCO collection from households and businesses. The company collects and aggregates UCO which is then sold/traded for sustainable biofuel production (including eco-friendly jet fuel). User receives reward points, not cash payment. Company monetizes through volume aggregation and sale of UCO to biofuel producers.
2. B2B Partnership Services: Partnerships with businesses (hotels, restaurants, cafes) for certified UCO collection services. Includes deployment of ucollect Boxes on partner premises, CSR program development, and marketing collaboration services.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Noovoleum operates the ucollect platform, a tech-powered ecosystem that lets households and businesses deposit used cooking oil (UCO) at smart collection boxes via a mobile or web app, earn redeemable reward points, and feed the aggregated UCO into certified sustainable biofuel production. The platform couples a consumer-facing rewards-and-collection app with a B2B managed-service offering that deploys on-premise boxes, runs CSR/ESG programs, and supplies traceable feedstock to biofuel off-takers including Pertamina.

Product overview

Noovoleum operates a single unified product called ucollect — a fully traceable, tech-powered ecosystem for collecting used cooking oil (UCO). The ecosystem consists of the ucollect mobile and web application (available on Android and iOS) and the ucollect Box smart collection points deployed across communities. Users deposit UCO via the boxes, earn reward points through the app, and can redeem for cash or charitable donations. The collected oil is recycled into sustainable biofuel (including eco-friendly jet fuel). Noovoleum also offers business partnership programs for UCO collection, box deployment, CSR initiatives, and community engagement, all anchored on the ucollect platform.

Differentiator

Problem solved

Functional benefit

Products and services

• ucollect A tech-powered mobile and web application that enables households and businesses to deposit used cooking oil at smart collection boxes and earn reward points redeemable for cash or other rewards. The app includes an in-app map for locating ucollect Boxes, QR code scanning for deposits, real-time reward crediting, and withdrawal functionality, backed by ISCC EU certified traceability.
• ucollect Box Smart collection points deployed across residential communities, supermarkets, schools, community centers, and partner business premises where users deposit used cooking oil by scanning a QR code through the ucollect app. Part of a traceable, ISCC EU certified collection ecosystem that feeds aggregated UCO into sustainable biofuel production.
• ucollect for Business (B2B UCO Collection Partnership) Enterprise offering for hotels, restaurants, cafes and organizations that deploys ucollect Boxes on partner premises, runs CSR and sustainability programs, and provides certified UCO collection services tied to Noovoleum's ISCC EU traceability framework, with co-marketing and event collaboration support.

Quantifiable outcome

• 500+ liters of UCO collected by student group in 3 months

Named customers13 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• PT Pertamina Patra NiagacoreStrategic or Co-development PartnerState-owned energy company partnership for collecting used cooking oil from communities. President Director Mars Ega Legowo Putra quoted on launching the ucollect product to collect UCO from communities for potential biofuel production.
• Paramount LandcoreStrategic or Co-development PartnerReal estate developer partnership. Estate Management Director Oktavianus Ekowibowo quoted on environmental contribution through noovoleum's management platform.
• AlfamartcoreChannel Partner/ Reseller/ DistributorConvenience store chain partnership for deploying ucollect Boxes at store locations for community UCO collection.
• Mandiri BankminorGTM or Marketing PartnerState-owned bank partnership for sustainability initiatives and potential reward redemption integration.
• DjarumminorGTM or Marketing PartnerCorporate partner in sustainability initiatives.
• Sinarmas LandminorGTM or Marketing PartnerReal estate developer partnership for sustainability initiatives.
• PertaminacoreStrategic or Co-development PartnerParent energy company of PT Pertamina Patra Niaga, involved in broader energy and biofuel initiatives with noovoleum.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Olio: UK-based food waste sharing app connecting households to redistribute surplus food. Directly comparable to Noovoleum's community-led, mobile-first model for household-level food/cooking by-product collection and reward-based engagement.
• Winnow Solutions: UK-based provider of AI-enabled food waste tracking systems for commercial kitchens and hospitality. Directly comparable as a tech-enabled food waste solution targeting the HORECA segment that Noovoleum serves with its ucollect Box program.
• Too Good To Go: Danish food waste marketplace app that connects consumers with surplus food from restaurants and retailers. Comparable in community-driven, mobile-first model that monetizes consumer engagement around food waste reduction at scale across Europe.
• BIObean: UK company that aggregates waste coffee grounds and converts them into biofuel and biochemicals. Directly comparable as a community-to-biofuel value chain play, transforming distributed household/retail waste streams into certified energy products.
• Saria: UK and Germany-based company operating in rendering and used cooking oil collection, with a large network of collection points across Europe. Directly comparable as an established UCO collection business that aggregates feedstock for biofuel and oleochemical production.
• Olleco: UK and Ireland-based UCO collection company (part of ABF) serving foodservice businesses. Directly comparable to Noovoleum's HORECA-focused B2B UCO collection model, though operating in mature European markets with established collection infrastructure.

Broad incumbents

• Neste: Finnish global leader in renewable diesel and SAF, and the world's largest processor of waste-based feedstocks including used cooking oil. Comparable as a major UCO-to-biofuel incumbent and likely offtake counterparty, but operates as a large-scale industrial processor rather than community collection network.
• Argent Energy: UK-based producer of biodiesel from used cooking oil and tallow, operating manufacturing plants that consume aggregated UCO feedstock. Comparable as a downstream UCO-to-biofuel processor, but functions as a buyer rather than a community-level collector.

Regional players

• Waste4Change: Indonesia-based waste management service provider offering responsible waste handling and recycling solutions. Comparable as a regional peer in the Indonesian waste-to-value ecosystem, though focused on broader solid waste streams rather than UCO specifically.
• Gringgo: Indonesia-based waste tech startup that uses digital tools to improve waste collection and recycling at the household and community level. Comparable as a regional peer combining community engagement with digital platforms to capture household waste streams, similar to Noovoleum's ucollect approach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@noovoleumid
• Facebookfacebook.com/noovoleum.id
• LinkedInlinkedin.com/company/noovoleum
• Instagraminstagram.com/noovoleumid
• TikToktiktok.com/@noovoleum.id

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Noovoleum