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Mon, 13 May 2019 19:02 - Updated Mon, 13 May 2019 19:02

Biocom helps country save USD 170 million

Malanje - Angola's Bioenergy Company (Biocom) said that national production of sugar and ethanol allowed the country to save about USD 170 million from 2015 to 2018.

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The statistics were released by the company production director, Ricardo Guerra.

The manager said that 55 and 50 percent production enabled the country to saved such values ​​that would be spent on the import of products.

The official predicted USD 80 million in foreign exchange savings for 2020, as result of domestic production of 110.000 tons of sugar (37 more than in 2018) and 19.000 cubic meters of neutral ethanol (2.000 more).

About  8.500 of which is be exported to France and Switzerland.

Speaking on the sidelines of a visit by governor of Malanje province, Norberto dos Santos "Kwata Kanawa", to the project, the company’s director said that Biocom will get USD 3.5 million.

According to him, the value will help the country obtain foreign exchange as well as boost the company's treasury.

The official also added that in addition to sugar and ethanol, the company expects to produce 55 megawatts of electricity during the 2019.

He said that the figure represent an increase of 34 megawatts over the previous year.

Biocom has 2 500 workers, amongst nationals and foreigners.

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