Project of Portuguese paper group Portucel in Mozambique expected to be approved this year

12 October 2011

Maputo, Mozambique, 12 Oct – The industrial project to produce pulp and paper by Portuguese group Portucel in Mozambique’s Zambézia province is expected to be approved by the government this year, the national director for Land and Forests, Dinis Lissave said.

Cited by Mozambican newspaper O País, Lissave said that the investment project had already been approved by the government of Zambézia province and was now being analysed by the Agriculture Ministry and was due to be submitted to the Council of Ministers for approval in the next two weeks.

Portucel’s project represents an investment of US$2.3 billion and will be and will be located on a 175,000 hectare plot in Zambézia province.

Speaking last week in Maputo, Pedro Moura, the chief executive of the Portuguese group, said that the factory would start operating within 10 to 15 years, which was the time needed for the eucalyptus plantation to start supplying the industrial unit on a regular basis. (macauhub)