Angola's $750M Sugar-to-Fuel Project to Start in June

A $750 million project to produce ethanol and sugar in Angola will start next month after a year of delays as costs rose 50 percent on a plantation larger than Montreal.

Cia de Bioenergia de Angola Lda, which is known as Biocom and has Brazilian construction company Odebrecht SA among its owners, plans to produce 36,000 metric tons of sugar this year starting in June, Managing Director Carlos Henrique Mathias said Monday in an interview in Luanda, the capital. It’s targeting 6,000 cubic meters of ethanol production in 2015, he said.

Read more: Angola’s $750 Million Sugar-to-Fuel Project to Start in June – Bloomberg Business