Naysor Named a Top 3 Finalist in the Circular Economy Track of the Climate Impact Innovations Challenge 2026

JAKARTA, Indonesia, 5 October 2026. Naysor, a South Korean clean energy company that converts palm oil waste into cleaner fuel, has been named one of three finalists in the Circular Economy track of the Climate Impact Innovations Challenge (CIIC) 2026. Naysor was among only nine finalists chosen from more than 850 applications received from around 60 countries, placing it in the top 1% of applicants.

About the Competition

Now in its fourth edition since its launch in 2023, CIIC is Indonesia's largest climate tech competition, jointly organized by East Ventures, Temasek Foundation, and Tencent. The 2026 edition was organized around three tracks: Energy Transition, Food & Nature Solutions, and Circular Economy, with three finalists selected in each.

CIIC 2026 offered a total prize pool of Rp15 billion to support the piloting and development of innovative climate solutions in Indonesia. Finalists were also eligible for a special award of pre-purchased carbon credits worth up to US$1 million. Following a rigorous evaluation, finalists received several months of mentorship from ecosystem leaders on building strategic partnerships, developing go-to-market and commercialization plans, and sharpening their pitches, before presenting at the Grand Finale on 6 October 2026 at the Indonesia International Sustainability Forum (IISF) 2026 in Jakarta.

Turning Palm Oil Residue into Cleaner Energy

Indonesia is the world's largest producer of palm oil, and the industry generates large volumes of residue that are often left to decompose or are disposed of in ways that release greenhouse gases. Naysor's technology converts this residue into cleaner fuel, turning an environmental liability into a renewable energy resource and supporting a more circular palm oil value chain.

What This Means for Naysor

Reaching the final stage of CIIC 2026 gives Naysor significant visibility with leading investors and industry players in Southeast Asia's climate ecosystem, including the competition's organizers and partners such as Triputra Agro Persada, Mana Impact, Sinar Mas Agribusiness & Food, and Vinerock Capital. The mentorship and network gained through the program will help Naysor accelerate commercialization in Indonesia, deepen partnerships with palm oil producers, and strengthen collaboration between South Korea and Indonesia on green energy.