Angola’s Bioenergia de Angola (Biocom) expects to bill US$220 million this year, an increase of 15.8% compared to the US$190 million recorded in 2017, one of the company’s directors said on Wednesday.
Fernando Koch, Biocom’s sales and communications director, also told Angolan news agency Angop that the company has already produced 55,000 tons of sugar in this agricultural campaign, and is expected to reach 100,000 by the end of 2018.
Biocom has also produced 13,000 cubic metres of hydrated ethanol, which is expected to reach about 20,300 cubic metres at the end of the year and 17,617 megawatts of electricity.
By 2019, according to Koch, Biocom forecasts production of more than 120,000 tons of sugar and 25,000 cubic metres of ethanol.
Installed in the municipality of Cacuso, 75 kilometres from the city of Malanje, Biocom is one of the largest Angolan agro-industrial projects, led by Brazilian group Odebrecht, which owns 40% of the company. The remaining 60% is shared between the Angolan private company Cochan, with 40% and Angola’s state-owned oil company Sonangol, with 20%. (macauhub)