Fortuna Coolers

PROBLEM:

Fish distributors are looking for alternatives to foam plastic coolers because they need to be constantly replaced every three months. In addition, the soft construction of foam plastic coolers limit their stacking height during transport and storage. More durable and stackable hard plastic coolers are available in the market. However, they are more than 7x the price.

SOLUTION:

Fortuna manufactures affordable coolers that have the durability and stacking properties of hard plastic coolers, but are up to 40 per cent cheaper. What makes Fortuna’s coolers unique is they are made from coconut husk waste, which go through a unique process that makes them sturdy and maintain high insulation capability.

IMPACT THESIS

ADB Ventures SEED grant supports the scale‑up of sales and manufacturing, including new supply of coconut husks from the Philippines, Indonesia, and Vietnam. The funds also supported the development of its consumer product line.

ABOUT

Fortuna Cools is a United States‑based company that developed as a concept in the Philippines to improve local fish packaging to improve local livelihoods. The company produces three lines of products offering superior cooling solutions for retail buyers of chill boxes to collapsible coolers for the seafood industry as an alternative to  environmentally unfriendly Styrofoam coolers.

Target Impact:

Climate Mitigation 

Producer of durable storage coolers made from coconut husk fibre which are designed to preserve perishable goods during transport and storage.