South Africa, a country that imports about 60% of its crude oil is set to invest R2bn to build an ethanol plant to help emerging biofuels sector, thus reducing the country’s reliance on imported fuel.

“Roak Crew, chief executive at Sugar Beet RSA, which is implementing the project in collaboration with the government, said the plant could start operating in 2014. It would initially produce some 90 million litres of fuel a year as sugar beet and grain sorghum are converted into ethanol.”

Click here to read the complete story.

Elsewhere on Ventures

Triangle arrow