Brazilian oil company Petrobras plans to start producing ethanol in Mozambique in 2014, the chairman of Petrobras Combustíveis, Miguel Macedo said Tuesday in Maputo.
Speaking in Maputo at a conference entitled “Brazil and Africa: Opting for Sustainable Development,” Macedo said that the company would set up a distillery in 2013 with a view to launching production in 2014.
“According to the approved timetable the details of the project are expected to be concluded by December, in 2013 the distillery will be built and in 2014 ethanol production will begin,” said the chairman of Petrobras Combustíveis.
Last May, Miguel Rosseto, the chairman of Petrobras Biocombustível, said that the company was receiving price quotes for equipment it plans to install in it ethanol factory due to be built in Mozambique.
Rosetto also said the company would initially invest US$20 million and planned to produce 20,000 cubic metres (20 million litres) of ethanol per year to supply the Mozambican market.
“We already produce sugar in Mozambique and will now start producing ethanol from molasses,” said Rosseto at a meeting organised by Brazilian state development bank Banco Nacional de Desenvolvimento Económico e Social (BNDES) to support Brazilian investments in Africa.
Rosseto also said that investments would be made via Guarani, a company associated to Petrobras Biocombustível, in which oil group Petrobras has a 45.7 percent stake since its acquisition in 2010. (macauhub)