SEKAB pulls plug on $250 million Tanzanian ethanol project, citing economic conditions

In Tanzania, SEKAB announced that it is closing down its 38 Mgy ethanol plant project in Tanzania after investing a reported $250 million in the project to date. The company cited global economic conditions for the decision, which ends a project that would have created Tanzania’s largest ethanol plant by 2012. The company had leased 85,000 acres in Bagamoyo for the project, a joint venture of SEKAB, the BioAlcohol Fuels Foundation (BAFF), Community Finance Company and the Tanzanian government. The company said it was terminating all its African projects.

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