Maputo, Mozambique, 9 Aug – Mozambican company Moçamgalp plans to invest US$19 million over the next five years in Mozambique’s Manica province to produce biodiesel from jatropha oil, Mozambican newspaper Notícias reported Monday.
Moçamgalp is 50 percent owned by Portugal’s Galp, 49 percent by ecomoz and 1 percent by Petromoc. Ecomoz is part-owned by Petromoc and is currently producing biodiesel from coconut oil in Matola, in southern Mozambique.
Moçamgalp is a project to produce vegetable oils from jatropha based in Manica province. However, the company plans to expand into Lugela district, in Zambézia province.
In an initial stage the project covers an area of 10,000 hectares, but is projected to grow to 50,000 hectares.
According to the newspaper Galp is responsible for financing and development of the agricultural side whilst Petromoc/Ecomoz is responsible for the project’s licensing, acquisition of the right to use land as well as all legal aspects of the project’s implementation. (macauhub)