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Green Coal

Green Coal Ethiopia AB

Saltsjö-Boo, Sweden

Biomass
Profile last updated: October 24, 2026

About

Green Coal is a renewable energy company headquartered in Saltsjö-Boo, Sweden specializing in Biomass.

Green Coal works to replace imported fossil coal with biomass-based green coal made from elephant grass, bagasse and prosopis. The company aims to reduce foreign currency spending on coal imports and create local income. It has operations and projects in Ethiopia, Oman and Malaysia, with a planned first factory in the Kilinto Special Economic Zone in Ethiopia. Founded by Carl Gustavsson and Per Ljungstrand, the company is supported by a board, advisors and project directors.

Headquarters

Saltsjö-Boo, Sweden

Focus areas

green coalbiomasselephant grassbagasseprosopisfossil coal replacementEthiopiaOmanMalaysia

Products & services

Business models

B2B

Value chain

DevelopmentManufacturing

Service areas (3)

  • Ethiopia

    Green coal production and biomass feedstock development.

  • Oman

    Elephant grass cultivation and export of green coal, with local sale of animal feed.

  • Malaysia

    Subsidiary established for farm land access and export markets.

Locations

Headquarters

Grävlingsbergsvägen 16, 132 37, Saltsjö-Boo, Sweden

Operating locations (2)

  • Woreda 01, Sub-city Bole, Addis Ababa, Ethiopia
  • 406 Business Tower One, P.O. Box 921, Muscat, Muscat Governorate, Oman

Service regions

EthiopiaOmanMalaysia

Projects

2

Green Coal factory, Kilinto Special Economic Zone

PlannedBiomass fuel production facility

First production facility for green coal, with the plot allocated under an MoU with the Ethiopian Investment Commission.

Addis Ababa, Ethiopia

Elephant grass farm, Al Hashman region

PlannedBiomass feedstock farm

First elephant grass cultivation farm for biomass feedstock, on land allocated by the Omani government.

Oman

Credentials & affiliations

Certifications

Foreign Direct Investment License (Phase I and Phase II)

Issued by: Ethiopian Investment Commission

Partnerships

Ethiopian Investment Commission, Ministry of Industry (Ethiopia), Dangote, UK Aid

People

Management & team (6)

+ 2 more

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