The Indian government had received hundreds of proposals from sugar mills seeking a soft loan under the newly legislated national biofuels policy encouraging expansion in capacity through new build activity. However, ethanol production capacities haven’t come on-stream at the desired pace despite swift approval from the food ministry to the proposals, according to local press reports.
On the back of RenovaBio policy, the biofuel sector is expanding as sugar-energy groups invest in increasing capacity.
Chinese commodities trader COFCO International is to expand ethanol production at its four mills in Brazil to increase its competitiveness as returns from sugar are disappointing, reported Reuters.
Brazilian sugar companies are increasing their capacity to produce ethanol in the face of depressed global sugar prices and government policies expected to boost demand for the biofuel, reported Reuters.
Brazil – BNDES approves US$17 mln for expanding cogen capacity at Pitangueiras plant [Full subscriber]
The National Bank for Economic and Social Development (BNDES) approved on 2nd October a BRL62.9 million (US416.9 mln) financing for the expansion of the cogen unit at Pitangueiras sugar-ethanol plant located in the municipality of Pitangueiras (Sao Paulo), according to local press reports.
Côte d’Ivoire – Sucaf to invest US$156 million to expand sugar production at its factories [Registered]
The Ivory Coast sugar company Sucaf recently announced a significant investment to expand both cane production at its plantations as well its factories processing capacity, according to local press reports.
The Eastern and Southern African Trade and Development Bank (TDB) has approved a US$15.6 million bilateral loan facility for Consolidated Farming Limited (CFL),
Authorities of the central province of Phu Yen have agreed to expand milling capacity of the Tuy Hoa sugar factory from 2300 tonnes to 3200 t cane/day (tcd).
Encouraged by prospects of deficit in sugar output against the global demand at least until 2017/18 which has seen prices breach UScents 20/lb, ethanol plants in Brazil are investing in expanding sugar production capacity, reports Valor Economico.
TPC Director of Corporate Services, Mr Jaffari Ally was reported as saying that the firm is set to spend more than TZS11bln (US$5 mln) on investment in machinery and expansion of farms.