Luanda, Angola, 29 Oct – Brazilian group Odebrecht in 2010 plans to launch production of sugar and ethanol in Angola, said Humberto Rangel, Odebrecht Angola’s communications director said in Luanda.
The group is partnering Angolan state oil company Sonangol and private company Damer in the Biocom project, which will invest US$220 million in the business.
The partnership will plant sugar cane in a plot of land with 30,000 hectares in Malange province, some 400 kilometres to the east of the capital Luanda, and a processing factory will produce 260,000 tonnes of sugar and 30 million litres of ethanol per year.
Rangel said that the fibrous parts of the sugar cane and the heat generated by the machinery will be used to produce 47 megawatts of electricity.
Odebrecht, which has a 40 percent stake in the Biocom partnership, is active in Angola in building roads, hotels and dams and has a quota in oil block 16 in Angola’s offshore area. (macauhub)