Angolan bioenergy company Companhia de Bioenergia de Angola (Biocom) will start selling 50 kilogramme bags of sugar to wholesalers and retailers, said the Deputy Director General of Biocom, Luis Bagorro Junior.
Speaking to Angolan news agency Angop about the first harvest of sugarcane, which began officially last Friday, the deputy director general also said he expected production of about 47,000 tons of sugar.
At this initial stage the sugar will be sold on the domestic market, but the company plans to start exporting when the plant is producing at its maximum installed capacity of 256,000 tons per year, which should happen in the 2019/2020 agricultural season.
Besides sugar, Biocom will also produce a maximum of 28,000 cubic metres of anhydrous ethanol and 26.8 megawatts of electricity using biomass.
Bagorro Júnior said that in the second phase of investment, which should take place between 2020 and 2021, Biocom plans to increase production to 4 million tons of sugarcane, 523,000 tons of sugar and the to double current power production.
Biocom, which is part of the Capanda Agro-industrial Hub, is a partnership between the Angolan State, through the National Agency for Private Investment (ANIP) and Sonangol Holding, with a 20 percent stake, and Angolan group Damer and Brazil’s Odebrecht, each with 40 percent. (macauhub/AO)