Angolan bioenergy company Companhia de Bioenergia de Angola (Biocom) is due to start processing sugar cane in June 2014 in order for production to reach 260,000 tons per year as of 2018, the company’s managing director.
The board of Biocom, a consortium between Brazilian group Odebrecht, and Angolan state company Sonangol, each with 40 percent and private Angolan company Damer Indústria, with the remaining 20 percent, expects to double production with a view to exporting the product to foreign markets, “depending on prices at that time.”
“Sugar is more important than coffee in domestic consumption and even for exports, at the moment,” said Carlos Henrique Mathias, adding that the project is completely viable from an economic point of view,” according to Bloomberg.
Biocom has a plot covering 40,000 hectares some 300 kilometres east of Luanda where it will produce sugar acne, both for producing sugar and ethanol, which will be used as biofuel.
The company started preparing the land to plant sugar cane in 2011 and the factory is due to start operating in 2014 and produce 40,000 tons of sugar. (macauhub)