Egypt: DFI invests in cooking oil recycler

Tagaddod collects and filters used cooking oil, and supplies it to global sustainable fuel producers.

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FMO, the Dutch entrepreneurial development bank, has disclosed an approved equity investment of $1.3 million in Tagaddod, an Egyptian start-up that collects and filters used cooking oil from restaurants, households, and factories through a fully digitised process and supplies it to global sustainable fuel producers.

The equity investment will support the company’s operational expenses during its expansion across Egypt and the MENA region.

The investment will enable the company to further expand its digitised sourcing process for used cooking oil and other waste oils. Ultimately, this will support reducing and recycling waste products for a more sustainable fuel production, whilst providing additional revenue for restaurants, households and aggregators.

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