BIO-FUEL MEGA-POWER MOCAMBIQUE?

MORE details are emerging regarding Mocambique's bio-fuels ambitions. The Agriculture Ministry now says the deal is with the Central African Mining & Exploration Company Plc (CAMEC) and worth a cool US$ 510 million. An ethanol plant will process 120 million litres of fuel a year, as well as fertilizers. The plantation supplying raw material will be of sugarcane planted on 30,000 hectares in Gaza Province. The fuel will be aimed at the domestic and regional markets, apparently. Take that into your calculations fellahs -- especially those of you claiming to be about to build conventional oil refineries. Mocambique meanwhile quite likes being described by some journos as a bio-fuel superpower with the potential for producing 3.1 million barrels of oil equivalent per day. Dunno about that. Remember the Groundnut scheme in the 1940s?