Galp, Ecomoz and Petromoc join forces for biodiesel
In Mozambique Petromac, Portugal-based Galp Energia and biodiesel producer Ecomoz have formed Moçamgalp, a consortium that will produce biodiesel from jatropha in a $19 million (€14 million) project in the Manica province.
The jatropha plantation will expand no less that 10,000 hectares, with the possibility of later expanding this to 50,000 hectares. Moçamgalp is also looking to expand to Lugela district located in the neighbouring province of Zambezia.
The document formalising this agreement read: ‘In the first five years we will invest $19 million, with Galp having the responsibility of funding and developing agricultural components, while the Petromoc/Ecomoz will be in charge of licensing the project, deal with Land Use Rights as well as other legal issues.’
While Galp will own 50% shares of the Moçamgalp consortium, Ecomoz will own 49% and Petromoc 1%.
The jatropha plantation will expand no less that 10,000 hectares, with the possibility of later expanding this to 50,000 hectares. Moçamgalp is also looking to expand to Lugela district located in the neighbouring province of Zambezia.
The document formalising this agreement read: ‘In the first five years we will invest $19 million, with Galp having the responsibility of funding and developing agricultural components, while the Petromoc/Ecomoz will be in charge of licensing the project, deal with Land Use Rights as well as other legal issues.’
While Galp will own 50% shares of the Moçamgalp consortium, Ecomoz will own 49% and Petromoc 1%.
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