Avocado Oil Production - Industrial Project Service (IPS)
Sustainable Agri-food Value Chain
Information
Company Description
Industrial Project Service (IPS) is one of Ethiopia’s pioneering consultancy and training providers, with over 40 years of experience supporting industrial development. Established in 1982, the company has built a strong institutional foundation and extensive track record, positioning itself as a key player in advancing agro-industrial investments and sustainable value chains in Ethiopia.
Team
The project is led by a multidisciplinary team of economists, engineers, and financial specialists with extensive practical experience in industrial development, project design, and implementation.
Countries of Operation
Ethiopia
Ownership of Company
Local Company (100% local ownership)
Number of years since incorporated
42 years
Stage
Established (mature)
Annual Revenue (in EUR)
EUR 250,000 – 500,000
Number of employees
51–100
Project Pitch
The Avocado Oil Production project aims to establish a processing facility in Ethiopia to produce high-quality, non-edible (industrial-grade) avocado oil for domestic and export markets. Leveraging Ethiopia’s favorable agro-climatic conditions and expanding avocado cultivation, the project utilizes locally sourced off-grade and surplus avocados, ensuring efficient resource use and sustainable sourcing through contract farming and cooperative linkages.
The facility will employ modern cold-press and refining technologies to meet international standards, targeting high-demand sectors such as cosmetics, pharmaceuticals, and personal care. The business model combines strong import substitution potential with export-oriented growth, positioning Ethiopia as a competitive supplier of bio-based industrial oils.
A key strength of the project lies in its circular approach, converting processing residues into animal feed and biofertilizer, enabling zero-waste operations. Fully aligned with Ethiopia’s agro-industrialization and export diversification priorities, the project is expected to generate foreign exchange, create employment, and enhance rural incomes while offering a scalable and sustainable investment opportunity.
Total Project Cost (in EUR)
EUR 4,384,389
Financing needs (in EUR)
EUR 3,069,072
Type of financing needed
Equity, Grant
Planned allocation of fundraising capital
Greenfield (new activity), Public-Private Partnership (PPP)