Plantations International Information
Hippo Valley Estates, a sugar manufacturer based in Chiredzi, Zimbabwe, has revealed it has actually reached an ethanol production capability of 41 million litres per month and is currently using for a licence to provide the local market.
Zimbabwe requires a monthly supply of 50 million litres of petro, which 7,5 million litres is ethanol under the country’s E15 mixing mandate.
Hippo Valley is planning to supply certain market sectors, but the unavailability of money in the economic situation is constraining the uptake of its items.
The lack of funding has lead the business to explore generating ethanol, a spin-off of sugar walking stick, as a way to create extra revenya.
According to taking care of supervisor Sydney Mtsambiwa the only remaining difficulty in the plan is obtaining the essential regulatory approval to make ethanol for the residential Zimbabwean market.
‘When we can get our means around the regulative side of concerns, then we will certainly be able to increase operations to satisfy particular demand,’ Mtsambiwa claims.
In the last fiscal year, which upright 31 March, Hippo Valley reported an operating earnings and also net earnings of $ 16.2 million (EUR14.3 million) as well as $ 7.3 million respectively.
This was below $ 19.1 million as well as $ 9 million respectively in the prior period in 2014.
The loss in revenue is largely due to the considerable recovery in the local market sales volumes at higher returns when as compared to realisations from the depressed EU exports.
Sugar production lowered by 5 % to 228,000 tonnes from 239,000 tonnes in 2014 therefore of no cane deliveries from Environment-friendly Energy, an independent ethanol producer in Chisumbanje.
Biofuels Plantations International