07 February 2012 11:00 [Source: ICIS news]
TOKYO (ICIS)--Marubeni has been awarded a full turnkey contract by the Angolan government to construct a plant producing sugar and bioethanol from sugarcane for $650m (€494m), the Japanese trading firm said on Tuesday.
The facility, to be built in the Angolan province of Cunene, will have a capacity of 400,000 tonnes/year of sugar and 40m litres/year of bioethanol, according to a Marubeni statement.
Commercial operations of the plant are scheduled to begin at the end of 2015, it added.
Once the plant is completed, Angola will be able to meet most of the domestic demand for sugar in the country, which is currently dependent on imports, Marubeni said.
($1 = €0.76)
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