Wanderport Corporation announced a strategic joint venture aimed at expanding the coconut charcoal business worldwide. This venture, in partnership with the principal of Vietnam based Highland BP., Ltd, signifies a major step forward in the utilization of sustainable and eco-friendly fuel alternatives. The parties have executed the Letter of Intent and aim to formally close the transaction in the next few weeks, followed by the launch of a new website, and e-commerce shops shortly thereafter.

Under the agreement, Wanderport will assume and expand the existing multimillion dollar international business. Its partner will be responsible for local sales, manufacturing, and fulfillment. The coconut charcoal products are currently being sold in over twenty countries.anderport aims to significantly increase the global market footprint and projects achieving annual sales in excess of $10 million in the next twelve months.

The global market for charcoal was valued at $6 billion in 2023 and is projected to reach $8.5 billion by 2029, with a compounded annual growth rate (CAGR) of 5.8%. The coconut charcoal market is an emerging segment and is projected to grow significantly, with a CAGR of 12.9%. This growth is supported by increasing awareness of and demand for renewable energy sources and cleaner technologies.

coconut charcoal, derived from the shells of coconuts which are abundant in Southeast Asia, is an innovative form of charcoal that offers several advantages over traditional wood-based charcoal. The global market for coconut charcoal is growing rapidly, driven by its efficiency and environmental benefits. In air purification, coconut charcoal's porous nature allows it to effectively trap contaminants, odors, and pollutants, making indoor environments fresher and healthier.

Similarly, in water filtration, it removes impurities and chemicals, ensuring safer and cleaner drinking water. In the health and beauty sector, coconut charcoal is incorporated into products such as detoxifying face masks and teeth whitening tooth pastes, leveraging its absorptive properties to remove toxins. For gardening enthusiasts, it serves as an excellent soil amendment, improving soil structure, moisture retention, and nutrient efficiency.

Additionally, its minimal ash production and long burn time make it an ideal choice for hahah and incense, providing a clean and sustained source of heat.anderport will initially offer the products in their current form factors. In the near future, the Company will introduce additional products that have other consumer applications. The products will be available in bulk for wholesale purposes and in retail packages tailored for consumer markets.

Private labeling will also be available to partners who wish to market the products under their own brands. The charcoal is made from 100% natural coconut shell raw materials, formed into pellets without harmful additives like petroleum, saw dust, or limestone. It is environmentally friendly, suitable for indoor use, and is becoming increasingly popular due to its high heat production, low ash content, odorless, and long-lasting burn time without smoke or harmful emissions.