Big River Plastic to Energy Platform

Sedna International is pioneering five pyrolysis plants in South Africa, transforming waste plastics into paraffinic/light oils (42 tons/day/plant) and char (17-21 tons/day/plant). Plants include Atlantis (Cape Town, ops Q4 2026), Pretoria (ops Q2 2027), Johannesburg (ops Q4 2027), Cape Town (ops Q3 2028), Durban (ops Q2 2028)—staggered rollouts from March 2026, EIA-dependent. Each features 8 reactors; Waste Group secures sites and feedstock. Chinese partners Shangqiu Aotewei (reactors) and Wuhan Huayu Keneng (construction) provide $11.89M vendor financing, de-risking via in-kind contributions. Developer-funded via Sedna Devco (20% local partner), HK-domiciled for offshore security/USD returns. Seeking USD29.70M: USD28.15M capex (balance for Pretoria, Johannesburg, Durban, Cape Town) + USD0.82M development + USD0.24M opex runway to Atlantis ops. Structure: Preference shares (11% interest, 3-4 year payback, 1-yr grace), 20% equity. Yields 15-29% IRR for VCs; unlevered 27-50% over 5-10 years. EBITDA USD44-50M by 2030. ESG impact: Diverts 63,750 tons/year, avoids 25,000 tons CO2e, creates 200 jobs (30% female). Aligns with 7 UN SDGs and BRI green infra. Offtake: Nestlé ($19.4M/yr). Seeks HK VCs for Chinese synergies.