Angola’s Biocom increased sugar production by 21%
Companhia de Bioenergia de Angola (Biocom) ended its 2018 campaign on Thursday with production of 73,000 tonnes of sugar, an increase of 21% year-on-year, the company’s sales director said.
It is reported by Macauhub.
Biocom expects turnover of the equivalent of US$200 million in kwanzas by the end of the year, said Fernando Koch.
With four filling lines, two of which for 50 kg bags, installed in the main Capanda plant and another two for one kilogramme and five kilogramme bags in Luanda, Biocom currently covers 25% of the 300,000 tonnes of sugar consumed in Angola each year.
Biocom, which has 25,000 hectares planted with sugar cane, also produced 17 million litres of ethanol.
Production for 2019 is estimated at more than 120,000 tonnes of sugar and 25,000 cubic metres of ethanol, said Koch.
Installed in the municipality of Cacuso, 75 kilometres from the city of Malanje, Biocom is one of the largest Angolan agro-industrial projects, led by Brazilian group Odebrecht, which owns 40% of the company. The remaining 60% is shared between the Angolan private company Cochan, with 40% and Angola’s state-owned oil company Sonangol, with 20%.