Tanzania hosts ethanol project

Agro EcoEnergy has invested $550 million (€400 million) in sugarcane farming for an ethanol project.

The subsidiary of Swedish based EcoEnergy Africa AB has set up a special purpose project company, Bagamoyo EcoEnergy, to develop a modern sugarcane plantation and factory that produces sugar, ethanol and power for the Tanzanian market.

The project is estimated to provide 10 million litres of ethanol over three years, providing the domestic market with 130,000 tonnes of sugar.

Tanzania imports approximately 50% of all sugar consumed and also spent approximately 80% of its total export revenues last year to pay for imported oil.