Mackay Group of Companies

What Mackay Group of Companies does

Mackay Group of Companies is a Philippines-headquartered renewable energy company founded in 2010 by James Ronaldson Mackay, with offices in Bonifacio Global City, Taguig. Its core technology is a proprietary hybrid grass called Mackay Variety Bana Grass (MVBG), a cross of Pennisetum purpureum and Pennisetum americanum, for which Mackay acquired exclusive worldwide IP rights from Australia in 2012 and registered the variety under the International Plant Protection Convention. The company converts this feedstock into a portfolio of physical products including biomass, charcoal, pellets, silage, bio-oil, jet fuels, and graphene, while also monetizing carbon credits generated across the value chain.

The business operates through several revenue mechanics: (1) a four-tier licensing model that grants planting, propagation, and commercial use rights to farmers, cooperatives, and corporate off-takers in exchange for royalties and milestone payments; (2) direct sale of physical outputs such as charcoal, pellets, biomass, and silage; (3) long-dated offtake contracts with industrial buyers (most notably a 15-year biomass agreement with Mosser Environment Corporation); and (4) public-private partnerships with provincial governments, including an MOU with the Provincial Government of Bataan for biomass-fed power generation and additional partnerships in Ayungon and Tarlac. Downstream processing is being scaled via facilities such as the Ayungon Bana Charcoal Facility (groundbreaking June 2023) and newly acquired land in Tarlac (~400 ha).

Customers and counterparties are concentrated in power generation utilities, industrial biomass offtakers, provincial and national government entities, and licensed farmer-grower networks in the Philippines and, increasingly, in sub-Saharan Africa (Eswatini, Mauritius, Zambia, Mozambique, Botswana) and Europe via the Dutch joint venture VKMGE with Van Kessel Olie. In November 2025 the company launched Mackay Green Energy Global (MGEG) as a dedicated international expansion vehicle, and it operates an in-house digital tool called AgroIQ aimed at grower communities. Mackay positions itself at the intersection of renewable energy feedstock, carbon credit generation, and downstream bio-fuel and advanced materials production, with a heavy emphasis on proprietary plant IP and government-aligned deployment.

Name

Mackay Group of Companies

Legal name

Mackay Green Energy Inc.

Website

https://mackaygreenenergyinc.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

101–250 employees

Short description

Mackay Group of Companies is a Philippine renewable energy firm that licenses and converts its proprietary hybrid Bana Grass (MVBG) into biomass, charcoal, pellets, silage, bio-oil, jet fuels, and graphene, serving power plants, industrial offtakers, provincial governments, and licensed farmer networks across Asia, Africa, and Europe.

Ownership category

akta.pro rank

Product category

Biomass Energy Production

NAICS

Forest Nurseries and Gathering of Forest Products (1132)

SIC

Agricultural Production-Crops (100), Forestry (800), Agricultural Services (700)

akta.pro primary industry

Biomass Pellets, Briquettes & Solid Bioenergy Products (industrial/residential) (IMAMALAJ)

akta.pro secondary industries

Agroforestry & Perennial Cropping Systems (EUABABAD), Agricultural Residues & Energy Crops Biomass Power (Stover, Bagasse, Pellets) (EUACAIAF)

Keywords

• Biomass energy
• Renewable energy systems
• Charcoal production
• Carbon credits trading
• Bioenergy feedstock

Headquarters

HQ city

Taguig

HQ country

Philippines

HQ region

Asia

Offices12 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Mackay Bana Grass Licensing: Company licenses the Mackay Bana Grass variety to licensees who gain rights to grow the crop for various applications. Four investment levels available: Licensee, Contract Grower, Plantation Company Partner, and Power Plant Company Partner.
2. Bana Charcoal Sales: Sale of smokeless, odorless, non-carcinogenic charcoal produced from Mackay Bana Grass through pyrolysis. Distributed through malls and restaurants.
3. Biomass Sales: Shredded Bana Grass sold as biomass fuel for power plants and steam boilers. Primary feedstock for biomass power plants across the Philippines.
4. Bana Pellets: Pelletized Bana Grass products for heating and energy applications.
5. Silage: Animal feed product from Bana Grass harvested at 8 weeks with approximately 16% crude protein content. Targets cattle, goat, and sheep farming.
6. Carbon Credits: Revenue from trading carbon credits generated through Bana Grass cultivation. Each hectare produces 255 tonnes of carbon credits annually, valued at minimum $20 per credit.
7. PPP Partnership Revenue: Government partnerships through Private Public Partnerships where LGUs and private sector collaborate on renewable energy projects, power plants, and green product manufacturing.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Mackay Group of Companies develops and licenses the proprietary Mackay Variety Bana Grass (MVBG), a hybrid energy crop (Pennisetum purpureum x Pennisetum americanum), for biomass energy production. The company produces and sells derived products including Bana Biomass for power plants, Mackay Bana Charcoal for grilling, Bana Pellets, Bana Silage for animal feed, Bio-coal (green coal), Bio-Oil, Jet Fuels, and Graphene. It also monetizes carbon credits generated through carbon sequestration and operates plantations across Luzon, Visayas, and Mindanao in the Philippines.

Product overview

Mackay Green Energy operates as a renewable energy and biomass technology company built around the proprietary Mackay Variety Bana Grass (MVBG), a hybrid grass crop. The company offers a licensing program for the Bana Grass alongside a portfolio of derived products including Bana Biomass (fuel for power plants and boilers), Mackay Bana Charcoal (smokeless, non-carcinogenic grilling charcoal), Bana Pellets (white and torrefied black pellets), Bana Silage (animal feed), Bio-coal/Green Coal (via torrefaction), Bio-Oil (liquid fuels via Fischer-Tropsch), Jet Fuels, and Graphene. Subsidiaries include Van Kessel Mackay Green Energy (VKMGE, created 2018 for domestic expansion), Mackay Green Energy Global (MGEG, launched 2025 for international expansion), and Buensuceso Mackay Construction (BMC, for facility construction). The company also offers the AgroIQ digital platform to support farmers managing Bana Grass cultivation.

Differentiator

Problem solved

Functional benefit

Brands

• Mackay Bana Charcoal: Smokeless, odourless, non-carcinogenic green charcoal produced from Mackay Bana Grass. Tested and approved by DOST-FRPDI and Board of Investments.
• Mackay Bana Grass (MVBG)

Products and services

• Mackay Variety Bana Grass (MVBG) Proprietary hybrid Bana Grass crop (Pennisetum purpureum x Pennisetum americanum) developed for high-lignin biomass production. Yields minimum 360 wet tonnes per hectare per year, planted once every 25 years, with 3 harvests per year for biomass. Licensed to farmers and agricultural partners.
• Bana Biomass Shredded Bana grass and stalk sold as biomass fuel for power plants, steam boilers, and Indirectly Fired Gas Turbine (IFGT) systems. Primary feedstock for biomass power plants across the Philippines.
• Mackay Bana Charcoal Smokeless, odourless, non-carcinogenic charcoal produced from Mackay Bana Grass via pyrolysis. Burns up to 3.5 hours, approved by DOST-FRPDI and Board of Investments. Distributed through malls, restaurants, and lechon businesses.
• Bana Pellets (White Pellets and Black Pellets) Pelletized forms of Bana Grass biomass used as fuel. Includes torrefied (black) pellets and standard (white) pellets for heating and energy applications.
• Bana Silage Animal feed product harvested from Bana Grass at approximately 8 weeks with crude protein content of approximately 16%. Supports 5 harvests per year. Targets cattle, goat, and sheep farming.
• Bio-coal (Green Coal) Torrefied Bana Grass processed via torrefaction; volatile components captured and fed to Externally Fired Gas Turbine (EFGT) to produce electricity. Price-competitive with fossil-based coal, same BTU and grindability.
• Bio-Oil Liquid fuel produced from Bana Grass through Fischer-Tropsch Process or other conversion methods, customizable to produce diesel, gasoline, kerosene, and aviation fuel.
• Jet Fuels Aviation fuel produced from Bana Grass via Gasification and Fischer-Tropsch Synthesis, positioned as drop-in replacement for conventional avgas.
• Graphene Advanced byproduct derived from Bana Grass processing, noted as a high-value bio-product.
• AgroIQ Digital Platform Digital agricultural management platform developed by MGEG to help farmers manage Mackay Bana Grass cultivation, optimize yields and revenue, and manage the entire value chain from planting to harvest.
• Carbon Credits Carbon credits generated through Bana Grass cultivation and carbon sequestration. Each hectare produces 255 tonnes of carbon credits annually, valued at minimum $20 per credit.

Quantifiable outcome

• 360 wet tonnes per hectare per year minimum yield
• +7 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Bataan GovernmentcoreStrategic or Co-development Partner · 20 January 2023PPP MOU signed January 20, 2023 for using Bana Grass green coal as alternative raw material for power plants in Bataan, addressing raw materials shortage. Creates sustainable jobs for farmers and reduces electric shortages.
• DOST Region VIminorStrategic or Co-development Partner · 1 January 2022Department of Science and Technology invited VKMGE to conduct charcoal briquetting training in Aklan barangays. Teaches local farmers and community members skills for charcoal production from Bana Grass.
• Municipality of AmlancoreStrategic or Co-development Partner · 1 January 2022Signed first Renewable Energy Ordinance encouraging investors in renewable energy. Location of automated charcoal facility and participant in 4th Negros Oriental Renewable Energy Day.
• Van Kessel OliecoreStrategic or Co-development Partner · 1 January 2018Dutch family-owned energy company (Van Kessel Olie) partnered with Mackay Green Energy to form Van Kessel Mackay Green Energy (VKMGE) in 2018. Van Kessel supplies sustainable fuels in Netherlands and supports MGE's expansion internationally. The partnership brings European market access and investment.
• Manna PlusminorOthersNutraceutical company acquired by James Mackay Foundation. Sells Manna Plus, a 100% Filipino-made affordable nutritional product for child development.
• James Mackay FoundationminorOthersFoundation focused on environmental protection and community welfare. Supports Philippine National School for the Blind, conducts medical missions, feeding programs, and vaccination drives.
• Mosser Environment CorporationcoreStrategic or Co-development PartnerEngaged in forest plantation and renewable energy since 2004. Holds 8,000 hectares in central Negros (Himamaylan, Binalbagan, Isabela, Magallon). 15-year biomass contract signed August 2020 for Bana Grass supply to power plants.
• Negros Oriental Chamber of Commerce and Industry (NOCCI)minorGTM or Marketing PartnerCo-organizer of Negros Oriental Renewable Energy Day and supports renewable energy initiatives in the province.
• RE Power NegrosminorStrategic or Co-development PartnerLocal renewable energy advocacy group supporting renewable energy development in Negros.
• Energy Development Corporation (EDC)minorStrategic or Co-development PartnerMajor Philippine renewable energy company supporting Negros Oriental Renewable Energy Day.
• Buensuceso Mackay Construction Corp (BMC)minorImplementation/ SI/ Consulting PartnerConstruction company building MGE facilities including Amlan automated charcoal facility on 1,200 sqm of land.

Scale indicators16 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Pacific BioEnergy: Canadian manufacturer of wood pellets for European and Asian power markets. Closely matches Mackay's pelletized biomass product line and export-oriented power-sector offtake model.
• Enviva: World's largest producer of industrial wood pellets, supplying biomass for power generation. Most directly comparable to Mackay's Bana Pellets and biomass supply business, with a similar feedstock-to-energy thesis.

Regional players

• Aboitiz Power: One of the largest Philippine power generation and distribution groups, with growing renewables exposure. Relevant as a likely offtaker or PPP partner for biomass-to-power projects in the same geography as Mackay.
• AC Energy Corporation: Philippine renewable energy platform within the Ayala group, with solar, wind, and battery storage. Comparable as a domestic renewable IPP that competes for the same PPP and offtake opportunities.
• First Gen Corporation: Major Philippine renewable energy IPP with geothermal, hydro, and solar/wind assets. Comparable as a domestic Philippine power producer that could offtake Bana Grass biomass or partner on green-coal-fired generation.

Others

• South Pole: Global carbon project developer and climate solutions provider. Relevant as an adjacent carbon credit ecosystem participant that could either source credits from or compete with Mackay's 255 t CO2/ha claim.

Broad incumbents

• Drax Group: UK-listed generator that has converted coal units to biomass firing and is the largest single user of industrial wood pellets. Comparable as a vertically integrated biomass power incumbent that Mackay's green coal could supply.
• Clearway Energy: US-listed owner of renewable and conventional generation, including biomass and waste-to-energy assets. Comparable as a large-scale, multi-technology renewable IPP pursuing decarbonization contracts.

Emerging players

• Bloom Biorenewables: Swiss developer of biomass-derived performance materials and specialty chemicals from plant feedstocks. Comparable as a young biomass-chemistry company pursuing higher-value downstream products from agricultural inputs.
• LanzaTech: US-listed carbon capture company converting gaseous and biomass-derived carbon into fuels and chemicals, including sustainable aviation fuel. Overlaps with Mackay's Fischer-Tropsch bio-oil/jet fuel pathway as an alternative route to low-carbon liquid fuels.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCjL_QVujcouMOuv0M9S371g
• Facebookfacebook.com/mackaygreenenergy
• LinkedInlinkedin.com/company/mackay-green-energy-inc.
• Instagraminstagram.com/mackaygreenenergy

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

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 Mackay Group of Companies