Mozambique: Mozambican company to invest US$150 million in biofuel production

4 June 2008

Maputo, Mozambique, 4 June – Mozambican company, with Canadian shareholders, Odeveza plans to invest US$150 million by 2014 in the provinces of Manica and Sofala in a project for production of biofuel from jatropha, said company director, Fernando Azevedo.

The information was given on the sidelines of a ceremony to sign a research protocol that establishes a partnership between Odeveza and the Chimoia Agrarian Institute (IAC), according to newspaper Notícias.

Azevedo said that the investment was aimed at intensive jatropha production for biodiesel extraction, in an area of over 70,000 hectares, identified in the districts of Báruè and Gondola, in Manica province, and Buzi, in Sofala province.

By 2014 conditions are scheduled to be set up to build a biodiesel factory in Dondo, Sofala province, mainly to supply the Mozambican market and for export to the US and Europe.

The protocol signed between Odeveza and the IAC sets out the bases for technical and scientific cooperation in order to carry out research ending in the selection and cloning of jatropha curca seeds, with a view to obtaining varieties adapted to the soil and climate of Mozambique, thus improving resistance to disease as well as increasing productivity and profitability.(macauhub)