{"id":55927,"date":"2024-09-27T21:58:39","date_gmt":"2024-09-27T13:58:39","guid":{"rendered":"http:\/\/www.teampcheng.com\/blog\/?p=55927"},"modified":"2024-09-27T21:58:42","modified_gmt":"2024-09-27T13:58:42","slug":"pepsico-announces-alterno-as-2024-apac-greenhouse-accelerator-winner-program-helps-promote-sustainable-innovation-in-the-region","status":"publish","type":"post","link":"http:\/\/www.teampcheng.com\/blog\/lifestyle\/pepsico-announces-alterno-as-2024-apac-greenhouse-accelerator-winner-program-helps-promote-sustainable-innovation-in-the-region\/","title":{"rendered":"PepsiCo Announces Altern\u014d as 2024 APAC Greenhouse Accelerator Winner; Program Helps Promote Sustainable Innovation in the Region"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li><em>The program &#8211; in its second year in the region &#8211; aligns with PepsiCo\u2019s sustainability strategy (pep+) and aims to inspire change in the F&amp;B industry through collaboration and innovation.\u00a0<\/em><\/li>\n\n\n\n<li><em>Altern\u014d demonstrated its low-cost thermal energy storage solution that champions one of the three key focus are<\/em>a<em>s of the Greenhouse Accelerator program &#8211; sustainable agriculture.<\/em><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large is-style-default\"><a href=\"http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2024\/09\/PepsiCo-Greenhouse-Accelerator-Program_Aterno.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"678\" data-attachment-id=\"55928\" data-permalink=\"http:\/\/www.teampcheng.com\/blog\/lifestyle\/pepsico-announces-alterno-as-2024-apac-greenhouse-accelerator-winner-program-helps-promote-sustainable-innovation-in-the-region\/attachment\/pepsico-greenhouse-accelerator-program_aterno\/#main\" data-orig-file=\"http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2024\/09\/PepsiCo-Greenhouse-Accelerator-Program_Aterno.jpg\" data-orig-size=\"1280,848\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"PepsiCo-Greenhouse-Accelerator-Program_Aterno\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2024\/09\/PepsiCo-Greenhouse-Accelerator-Program_Aterno-300x199.jpg\" data-large-file=\"http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2024\/09\/PepsiCo-Greenhouse-Accelerator-Program_Aterno-1024x678.jpg\" src=\"http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2024\/09\/PepsiCo-Greenhouse-Accelerator-Program_Aterno-1024x678.jpg\" alt=\"\" class=\"wp-image-55928\" srcset=\"http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2024\/09\/PepsiCo-Greenhouse-Accelerator-Program_Aterno-1024x678.jpg 1024w, http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2024\/09\/PepsiCo-Greenhouse-Accelerator-Program_Aterno-300x199.jpg 300w, http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2024\/09\/PepsiCo-Greenhouse-Accelerator-Program_Aterno-768x509.jpg 768w, http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2024\/09\/PepsiCo-Greenhouse-Accelerator-Program_Aterno.jpg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p><strong>MANILA, PHILIPPINES, 27 SEPTEMBER 2024<\/strong> \u2013 PepsiCo, today, unveiled Altern\u014d as the winner of its 2024 Greenhouse Accelerator Program &#8211; APAC edition, highlighting the company&#8217;s ongoing desire to help foster next-generation solutions for a more sustainable future. The Greenhouse Accelerator is an important initiative within PepsiCo\u2019s pep+ strategy, which seeks to promote sustainability across the company\u2019s operations. By supporting entrepreneurs across APAC, including the Philippines, who focus on reducing waste, improving food security, and addressing climate change, PepsiCo is reinforcing its efforts to work towards a sustainable food system that benefits both people and the planet.<\/p>\n\n\n\n<p>This year, one of the finalists of the program was Takachar, a Filipino startup which was chosen for its innovative approach to transforming crop and forest residues into high-value, carbon-negative products like fertilizers, chemicals, and biofuels\u2014helping to advance climate justice. By developing small, low-cost, portable systems that attach to tractors and pick-up trucks, Takachar enables deployment to remote rural areas, empowering local bioeconomies while helping to reduce the air pollution and carbon emissions caused by open-air biomass burning.<\/p>\n\n\n\n<p>Selected from a group of 10 finalists across APAC, including the Philippines, Thailand, Vietnam, Australia, and China, the 2024 Greenhouse Accelerator Program winner, <strong>Altern\u014d<\/strong>, was selected for its pioneering approach to reducing carbon emissions across agriculture, industry, and residential heating through thermal energy.&nbsp;<\/p>\n\n\n\n<p>As part of their win, Altern\u014d will receive an additional USD 100,000 grant to further develop its solution. This grant will be instrumental in helping them to scale their sand-based battery, which was recently piloted at PepsiCo\u2019s food plant in Vietnam, completing a pellet drying project with a view to trial heating oil next.&nbsp;<\/p>\n\n\n\n<p>\u201cWinning PepsiCo\u2019s APAC Greenhouse Accelerator Program 2024 is a pivotal moment for our startup,\u201d said <strong>Hai Ho, Co-Founder and COO of Altern\u014d<\/strong>. \u201cPepsiCo\u2019s mentorship and resources have helped us sharpen our strategy and accelerate our growth. We look forward to further collaborating with PepsiCo to expand the reach of our solution and contribute to a more sustainable future.\u201d<\/p>\n\n\n\n<p>The Greenhouse Accelerator Program is designed to be a launchpad for startups that are reimagining the future of business through sustainability. Participants received personalized mentorship from PepsiCo executives, a USD 20,000 grant, and access to PepsiCo\u2019s extensive industry network, positioning them to bring their innovative solutions to market faster.<\/p>\n\n\n\n<p><strong>Wern-Yuen Tan, Chief Executive Officer (CEO), APAC and Chief Commercial Officer (CCO) of PepsiCo<\/strong>, remarked, \u201cThe&nbsp;APAC&nbsp;Greenhouse Accelerator Program goes beyond celebrating a single winner; it highlights the growing momentum behind sustainable innovation. Through our pep+ strategy, PepsiCo is proud to support visionary entrepreneurs who are helping to build a future where businesses and the planet can thrive. By fostering collaboration, mentorship, and access to resources, we\u2019re helping to scale innovative ideas that seek to address critical environmental and social challenges. This program represents an investment in the future of our planet, and we look forward to continuing this journey, ensuring these solutions can continue to grow and benefit generations to come<strong>.\u201d<\/strong><\/p>\n\n\n\n<p>A diverse panel of judges evaluated the startups based on their innovation, feasibility, scalability, and alignment with PepsiCo\u2019s sustainability goals. The panel included <strong>Pariwat Wongsamran<\/strong>, Deputy Executive Director of the Innovation System at National Innovation Agency; <strong>Yosavee Niranvichaiya<\/strong>, Senior Investment Manager for Thailand at Circulate Capital; <strong>Oranuch Lerdsuwankij<\/strong>, CEO and Co-Founder of Techsauce Investor; <strong>Alan Choi<\/strong>, Senior Vice President and Chief Financial Officer at PepsiCo APAC; <strong>Ashley Brown<\/strong>, Vice President of Supply Chain ANZ and Chief Sustainability Officer at PepsiCo APAC; and <strong>Sudipto Mozumdar<\/strong>, GM, IndoChina Foods and CCO for APAC at PepsiCo.<\/p>\n\n\n\n<p>In just four months, the 2024 Greenhouse Accelerator Program has launched seven startup pilots within PepsiCo\u2019s value chain, focusing on Climate Action, Sustainable Agriculture, and Circular Economy, which are tackling challenges like reducing carbon emissions, improving resource efficiency, and fostering circular supply chains. Building on the success of the 2023 cohort, which now has four pilots running at various stages, the 2024 pilots are setting the stage for improved environmental and operational impact.<\/p>\n\n\n\n<p>Among last year\u2019s participants, <strong>TURN<\/strong>, a finalist, has successfully partnered with <strong>Gatorade<\/strong> to launch the <strong>Gatorade x TURN reusable cup<\/strong>, which is currently being piloted with AFLW and AFL clubs in Australia. The initiative is expected to replace approximately 200,000 single-use cups, exemplifying the impact that Greenhouse startups can have on sustainability. <strong>Adiona &#8211; <\/strong>a startup that brings real-time data visibility to delivery operations &#8211; is already in a second-phase pilot with wheels on the ground, analyzing PepsiCo\u2019s delivery data and proposing efficiency improvements at its Tingalpa plant. These enhancements can potentially reduce the distance travelled and, consequently, help to lower CO2 emissions.<\/p>\n\n\n\n<p>Last year\u2019s GHAC winner, Powered Carbon, has reached multiple business milestones since participation. Powered Carbon has, to date, provided its low-carbon bio-fertilizer to PepsiCo&#8217;s potato fields across Guangdong, Shandong, Gansu, and Inner Mongolia. Since participating in the Greenhouse Accelerator program, Powered Carbon has not only raised market awareness and attracted the attention of investors but has also enjoyed a six-fold surge in income since August 2023.<\/p>\n\n\n\n<p>PepsiCo is exploring a third edition of the Greenhouse Accelerator Program in APAC, set for 2025. To date, startups across the previous 11 editions worldwide have generated a total of USD 200 million in annual revenue, showcasing the program\u2019s ability to fuel growth and support the launch of sustainable solutions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA, PHILIPPINES, 27 SEPTEMBER 2024 \u2013 PepsiCo, today, unveiled Altern\u014d as the winner of its 2024 Greenhouse Accelerator Program &#8211; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":55928,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2730],"tags":[13526],"class_list":["post-55927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle","tag-pepsico"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PepsiCo Announces Altern\u014d as 2024 APAC Greenhouse Accelerator Winner; 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