Established in 2024, Hoy Plus Trading was founded to close the gap between rural smallholder resin farmers and the sophisticated global ingredients industry.
Through our dedicated brand, Bazen Ethiopian Frankincense, we have committed ourselves entirely to sourcing, sorting, and exporting premium Gum Olibanum. By centering our logistics backbone within the core producing territories of Ethiopia, we ensure a reliable, steady supply chain for our global buyers.
Our central headquarters operate in Addis Ababa, coordinating export logistics, customs document handling, and international business partnerships. Complementing this, our primary collection and grading offices in Bahir Dar position our management team directly next to the harvesting clusters, guaranteeing source-level oversight.
Specialization: Focused solely on Gum Olibanum and Ethiopian resins, not generalized spices.
Integrity: Hand-sorted crystalline purity with verified laboratory checks.
Partnership: Long-term supply security rather than quick spot-market transactions.
Our business practices respect both the environment and the livelihoods of forest communities:
Gum Olibanum is a natural forest resource harvested from fragile wild habitats. At Bazen, we understand that protecting the future of the Boswellia papyrifera species is essential for both the ecosystem and our long-term supply agreements.
Our supply chain is built on cooperative partnerships with smallholder family farms who manage sustainable wild tree plots. By providing fair, direct market pricing, we encourage farmers to protect these hardy trees from over-tapping and clear-cutting.
Every kilogram of Bazen Frankincense is sourced with care, respecting the delicate highlands and the traditional tapping knowledge of local communities.
We deliver more than a commodity; we provide absolute supply assurance. Our strict quality measures govern the entire lifecycle of Bazen Frankincense.
Every shipment is traceable back to the specific collection hub in Northern Amhara, Tigray, or Beneshangul-Gumuz, ensuring transparent origins.
Multi-stage manual and sieve cleaning removes tree bark, dust, and organic contaminants. The purity we sample is the purity you receive.
Our sorting, classification, and final bagging operations are supervised by a regional food health official to maintain phytosanitary standards.
Ethiopia is the definitive historical home of premium aromatic resins. Anchored in a 4,000-year legacy of global trade dating back to ancient Abyssinia, the country remains a premier African exporter of incense and gums.
The dry, mountainous terrains of the Ethiopian Highlands provide the perfect, arid habitat for the unique Boswellia papyrifera trees. The resin harvested here, known locally as Etan, possesses inherent characteristics:
"Unlike heavier resin types, B. papyrifera (Etan) from the Ethiopian Highlands stands out for its high terpene value, bright citrus notes, and therapeutic purity."
Sits closer to the northern tapping forests, managing initial cleaning, weight grading, and raw storage.
Handles secondary separation, fine sifting, final phytosanitary certification packaging, and container sealing.
Our primary competitive advantage is built on domestic infrastructure. We run strategically located warehouse operations in both Bahir Dar and Addis Ababa, establishing a secure chain of custody from the tapping tree to the ocean freight container.
When raw, wild-harvested resin tears arrive at our Bahir Dar warehouse, they undergo a primary manual sorting. Dust and large organic debris are separated immediately.
The sorted resin is then moved under climate-controlled logistics to our Addis Ababa headquarters. Here, secondary grading is performed using mechanical sieves and a dedicated manual inspection crew. The tears are separated into Grades 1A, 1B, 2, and 3, sealed in 50 kg PP bags, and stored in a temperature-controlled environment, ensuring they do not merge or lose volatile oil quality prior to customs container load-out.
Quick operational statistics illustrating Bazen Ethiopian Frankincense capabilities.
Max Container Weight (FCL)
Hoy Plus Founded
Average Export Lead Time
Ancient Trade Legacy