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June 2011 | |  |
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Swiss commodities trader expands into ethanol in Africa
Source : nytimes.com
Jean Claude Gandur, a Swiss commodities trader, made a fortune during the 1990s buying oil concessions in Africa that others did not want or could not hold. Now a billionaire, he is poised to swim against the tide again with a major expansion into ethanol in Sierra Leone, the West African country still recovering from a decade-long civil war that ended in 2002. One of his companies, Addax Bioenergy, was set to sign a loan agreement Thursday with six international lenders including the African Development Bank, the Netherlands Development Finance Company and the German Investment Corporation. The 258 million euro ($366 million) project near Makeni, in central Sierra Leone, will convert sugar cane into bioethanol for European and domestic markets.
read more ...
24 June 2011 |
Information ::
Bioethanol ::
Africa
The information in this section is subject to a disclaimer.
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