Mozambique Sets Biofuels Production Policy As Foreign Companies Compete for Projects

摘要

Two foreign companies plan to invest $710 million in the production of ethanol from sugar cane in Mozambique, a government official said April 7.rnRoberto Albino, director of Mozambique's official Center for Agricultural Promotion, said the government has granted 123,500 acres in different parts of the country to ProCana Limited, a subsidiary of BioEnergy Africa Limited, and Principle Energy Limited, a subsidiary of Principle Capital, to produce ethanol.rnBioEnergy Africa is registered in the British Virgin Islands, while Principle Capital is an independent investment management company with offices in London and Cape Town, South Africa. Both companies are listed in the alternative investment market of the London Stock Exchange.