Angola: Spanish company plans to invest 130 million euros in ethanol production

15 October 2008

Luanda, Angola, 15 Oct – Spanish company Alcohespa plans to invest, as of this year, 130 million euros on ethanol production in Angola, at a factory to be built in Zaire province.

The information was announced Tuesday in Luanda by the chairman of Alcohespa at the end of a meeting with the Angolan Industry minister, Joaquim David, to present the project.

According to Francisco López Molina, the investment will provide an average of 500 direct jobs and guarantee yearly production of 150 million litres of ethanol.

López Molina said that Alcohespa planned to start installing the factory as soon as it received authorisation from the Angolan authorities. (macauhub)