Africa Agriculture Angola Commodities Sugar

Angola’s Biocom produces 65k tonnes of sugar in the 1st semester

Angolan bioenergy company Biocom produced 65,000 tonnes of sugar in the first half of the year at its facilities in Cacuso municipality, Malanje province, the company’s deputy director-general said on Tuesday.

Luís Bagorro Júnior, quoted by the Angop news agency, also said that the production achieved in the first half represents 60% of the expected total for 2019, of 110,000 tonnes, equivalent to 1.31 million 50 kg bags.

Biocom’s Industial Unit, in Cacuso, Malanje province, Angola

The company also produced 9.38 million litres of ethanol, or 48% of the annual forecast of 19 million litres, as well as 32.67 megawatt-hours of electricity.

In the first half of 2018, the production recorded was 45,500 tonnes of sugar, 10.6 million litres of ethanol and 17 megawatt-hours of electricity, and the figures recorded from January to June represented percentage changes of 42.86%, -11.51% and 92.13%, respectively.

Bagorro Júnior recalled that the final production target is 250,000 tonnes of sugar, which is insufficient to meet demand, as it covers just 60% of the country’s consumption.

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%.

Source: Macauhub

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