UPL to invest $1B in South African multifeedstock ethanol project
In South Africa, UPL will invest $1 billion in an ethanol plant that will utilize sugarcane and maize as a feedstock and support the development of an integrated agricultural and energy value chain. Infrastructure South Africa, an entity of the Department of Public Works & Infrastructure, played a key facilitative role in advancing the project by bringing together stakeholders across the agricultural, energy, and financial sectors. This included supporting engagements between UPL and a major development finance institution to explore project preparation and financing opportunities, as well as broader collaboration to move the project towards implementation.
The project has significant potential, including the cultivation of approximately 400,000 hectares of sweet sorghum and the production of up to 1.3 billion litres of bioethanol annually. This will inject significant amounts of money directly back to small and large scale farmers. This positions South Africa as a potential leader in the biofuels sector, while supporting rural development and job creation.
Category: Fuels
