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<font color="#c0c0c0" face="verdana,arial,helvetica" size="1"><b> volume
12, issue #21 - Thursday, November 22, 2007</b>
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<center><font color="#c0c0c0" face="arial,helvetica" size="1">sponsored
by:</font><br clear="all">
<a
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<p><font face="arial,helvetica" size="2">
</font></p>
<h3><font face="arial,helvetica" size="2">Will Mozambique become a
biofuel superpower?</font></h3>
<p>
<font face="arial,helvetica" size="2">30-10-07 Investment committed to
biofuel projects in Mozambique totals $ 700 mm, which will put the
country at the cutting edge of clean energy production in Africa. <br>
According
to The Investor, a weekly publication of AIM, Central African Mining
and Exploration Company (CAMEC) pledged to invest $ 510 mm over the
next few years in producing ethanol from sugar cane. </font></p>
<p><font face="arial,helvetica" size="2">Until
CAMEC's investment was announced, the main biofuel project in the
country was that of state oil company Petromoc and agricultural
cooperative Cofamosa, worth an estimated $ 125 mm. Another project
being carried out by the government includes spending $ 14 mm on a
factory for ethanol production. <br>
Mozambique Biofuel Industries
(MBI), owned by South African investors, plans to invest some $ 18 mm
and more recently, Canada's Energem Resources announced it would invest
up to $ 5.5 mm on a jatropha plantation. </font></p>
<p><font face="arial,helvetica" size="2">Mozambique
has only recently begun to understand that it is a "biofuel
superpower," it is reported. Its agro-ecological
resources allow for the production of a wide range of efficient energy
crops, including cassava, sugarcane and jatropha, AIM said. <br>
Analysts
affiliated with the International Energy Agency estimate that the
country can produce around 7 ExaJoules (EJ) of biofuels sustainably.
Mozambique currently consumes around 590,000 tons of oil products per
year, the bulk being diesel, which equates to around 0.18 EJ. </font></p>
<p><font face="arial,helvetica" size="2">Achieving
full energy independence is well within reach. When it comes to the
availability of land for energy crops, the country currently uses
around 4.3 mm hectares out of a total of 63.5 mm hectares of potential
arable land, or 6.6 %. <br>
Moreover, some 41 mm hectares of
poor-quality land are available for the production of energy crops that
require few inputs and are not suitable for food production. <br>
</font></p>
<font face="arial,helvetica" size="2"><font size="1"> Source:
<a class="moz-txt-link-abbreviated" href="http://www.downstreamtoday.com">www.downstreamtoday.com</a> / Xinhua News Agency </font></font><br
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