Angolan biofuel company Biocom this month plans to export 8,500 cubic feet of ethanol to Europe in two shipments on 13 and 23 May, announced the company’s sales director.
Fernando Cock, quoted by Jornal de Angola, said the two shipments were based on contracts signed with Ryssow and Alcotra, the latter a Swiss ethanol production, distribution and marketing company.
The information was provided at the official opening of the 2019 Agricultural Year at Biocom, and the company is expected to produce 110,000 tonnes of sugar, 20,000 cubic metres of neutral ethanol and 60 megawatts of electricity.
Sales of sugar, ethanol and electricity forecast for the year are estimated at US$80 million, less than half the US$170 million average from 2014 to 2018, according to the information provided by company’s sales director.
The company currently has a planted area of 24,000 hectares of sugarcane, having 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%.