The sugarcane plant Biocom, located in Angola and from which Odebrecht Group is a partner with 40% shares, will receive an investment of US $ 210 million.
As reported by the Angolan press, the sugarcane company should receive in 2016 the funds from contracts with banks. The purpose of the contribution is to invest in the production of biofuels, sugar and bioelectricity.
The Angola Bioenergy Company Ltda. (Biocom) began its sugarcane production in May 2015, with the harvest going until March 2016.
Learn more about Biocom
- The sugarcane company is installed at the Polo Agro-Industrial Capanda, in Malanje Province, municipality of Cacuso, in 42,500 hectares of which 36,921 are cultivable and, according to the company, 5,579 are for permanent preservation areas of vegetation native.
- Sugar production of Biocom is for the internal market, electricity production has as a client ENE (National Energy Company of Angola) and anhydrous ethanol will be provided to Sonangol.