Sugar Corporation plans the construction of a new bioethanol plant in Ethiopia
Ethiopian Sugar Corporation
and Eugen Schmitt Company signed a joint investment agreement to set up an ethanol plant on May 25, 2017. The press release was published some time ago but it
was only recently that the story was aired by media. I have considered that it
could be interesting to bring it to the Blog in order to know more about the reality of the sector in Africa.
A company called “Wonji Ethanol Technology Share
Company” was established based on the agreement with a working capital of more
than 46 M€ both in cash and in kind. According to the press release, Eugen
Schmitt Company is a veteran German firm with vast experience in ethanol sector
but I could not find any reliable information about it. Oher three shareholders
would have reached an agreement to work within the partnership, their names are
not known. Eugen Schmitt and the Sugar Corporation own 83% and 14% of the shares respectively while the
rest three shareholders have 1% each one of them.
Factsheet of the project:
Location
|
Sugar mill
of Ethiopian Sugar Corporation in Wonji
Shoa (110 km from Addis Ababa, in Oromia Regional State, Ethiopia).
|
Feedstock
|
Molasses
from the sugar factory.
|
Product
and production capacity
|
60,000
liters of ethanol per day (12.8 Ml/year).
|
Cost
|
51 M$.
|
Figure 1. Sugar mill of Ethiopian Sugar Corporation in Wonji Shoa where
the new ethanol plant will be built (extracted from Sugar Corporation web page)
The Wonji Shoa facilities will become the third sugar
mill in the country producing ethanol from molasses. Finchaa (20 Ml/year) and
Metehara (12.5 Ml/year) factories are the other two.
