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South Africa Investing in Ethanol Producer
19 August 2005
Independent Online. The South African Energy Development Corporation (EDC), a division of the state-owned Central Energy Fund, is in talks to buy 30% of maize-to-fuel company Ethanol Africa in a deal potentially worth R180 million (US$27.5 million).
According to the report, the investment signals a possible shift in the government’s biofuels policy, which currently does not mandate the blending of ethanol into gasoline and of biodiesel into diesel.
Ethanol Africa, formed earlier in the year by a group of farmers looking for outlets for the large maize surplus and relief from low market prices, is planning to start ethanol production in 2007.
The Central Energy Fund, whose mandate includes energy-saving interventions, recently completed an in-depth study on bioethanol and would meet the department of minerals and energy soon to discuss its findings, [EDC general manager Manny Singh] said.
The fund believed ethanol was a “very good intervention” given the challenges faced by South African farmers struggling with low prices and a 6 million ton maize surplus, Singh said. Ethanol also provided a good source of octane in petrol.
The staged phase-out of leaded fuels from South Africa which began in 2002 must be complete by 1 Jan 2006. There is some concern that the banning of leaded fuels from 2006 could lead to shortages of high-octane gasoline as lead has traditionally been used to boost octane levels.
Ethanol Africa eventually plans to construct eight ethanol plants. Construction on the first in Bothaville is due to start later this year.[Ethanol Africa director] Haasbroek said the company hoped its ethanol production would be taken up by local oil companies for blending into fuel, but in the absence of a clear policy from the government, the ethanol could be exported to Europe and Japan.
The EDC is reportedly also exploring the conversion of sugar into ethanol, and has signed a confidential agreement with a sugar company to investigate a number of initiatives.
August 19, 2005 in Ethanol | Permalink | Comments (43) | TrackBack (0)
Comments
Posted by: Joe Purcel | May 15, 2006 at 05:23 AM
I'd like information on how to go about investing in ethanol. Thanks! :)
Posted by: Karol | May 15, 2006 at 03:07 PM
How do I go about investing in Ethanol?
Posted by: Derek | May 17, 2006 at 07:30 PM
Who are the 3 top ethanol companies in the USA,to invest in for future profits?
Posted by: Don | May 17, 2006 at 07:32 PM
I would like to invest in ethanol too (in the USA). I believe with the potential of more hurricanes hitting the important gulf region of the USA and the way Iran is acting, the instability of Iraq, the way Chavez in Venezuela is acting, the unlikelyness of the USA exploring for oil in Alaska due to liberal opposition, the price of gas, America's love for gas guzzlers, all add up to ethanol's potential to skyrocket....
Posted by: Patrick M. Walsh | June 05, 2006 at 03:41 PM
I would like to know how to invest in ethanol (in the US). Alternative fuels need to get to market faster.
Thanks
Posted by: Jessica Crosby | July 25, 2006 at 11:51 AM
I would like to learn more infomation on ethonal fuel and how to invest in it in the US. Thanks
Posted by: dominic lontoc | July 26, 2006 at 10:30 PM
I need to know how to invest in ethonal as a first time invester.(the best way and place)
Please send info a.s.a.p.
Posted by: King David | August 21, 2006 at 12:02 PM
I would like to have information on how to invest in ethanol.
Posted by: Brittany Davis | August 22, 2006 at 08:08 AM
I would more more information about investing in ethanol.
Posted by: maria ferdinand | August 28, 2006 at 09:51 AM
I would like to know how to invest in ethanol
Posted by: Monica Arriojas | September 03, 2006 at 10:42 AM
I would also like to know how and where to find info on investing in ethanol.
Posted by: Jason Aiken | October 13, 2006 at 05:31 PM
What are the chances of using other crops that have over 90% fermantable starch content for the production of E10?? I have the source for this african crop. It can also be grown in South Africa as a substitute to yellow maize and requires lesser water. - Nathaniel Olamiju (+27 84 828 9140)
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Great stuff!!!
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Posted by: biagra | August 06, 2007 at 11:40 PM
Is it worth it to invest in ethanol. If yes then how
Posted by: bernard | December 20, 2007 at 11:19 AM
Hello Sir, I have Ethanol project in USA, I need partner or investor , we are renewing the factory to produce 36 million gallons per month.
That mean we will have around 3.000.000 $ every month .
I need investor for 15.000.000 $ to give him share 45%.
Or I need 4.000.000 $ as credit for one year to be paid with interest ( we will agree about the % if you are interested ) and I can give % from the company which own the project arround 10% .
Note that the company own only 80% from the Ethanol project .
if you are interested please call me at anytime to my CellPhone 009613273892.
Best Regards
Wael ElAawar
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Posted by: Hopkins Lance | August 04, 2008 at 12:23 AM
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Posted by: James oriss | October 22, 2008 at 11:23 AM
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