[2019-04-01] Angolan bioenergy company exports ethanol to Europe

Source: Macauhub

Angolan bioenergy company Biocom is for the first time exporting ethanol to Europe, under a contract with a European company that produces ethanol and biofuels, the Angolan company announced.

The contract involves exporting 8,500 cubic metres of ethanol, which, according to the statement released by the Angolan company, represents revenue of US$3.5 million.

The statement stresses that this is the first time that Angola will export ethanol, “and is an initiative that aims to respond to the policies of the Support Programme for Production, Diversification of Exports and Replacement of Imports (Prodesi).”

The company currently has a planted area of 24,000 hectares of sugarcane, has produced in the 2018 agricultural campaign 73,000 tonnes of sugar cane and 17,000 m³ of ethanol.

Biocom, which is located in the Cacuso district, 75 kilometres from Malanje, is one of the largest Angolan agro-industrial projects, led by Brazilian group Odebrecht, which owns 40% of the capital of the company. The remaining 60% of the capital is shared by Angolan private-equity group Cochan, with 40% and Angolan state oil company Sonangol, with 20%.