In Malawi, Presscane and Ethco plan to invest $100 million in two sugarcane crushing facilities to produce syrup for ethanol production at their existing facilities. The companies currently rely on an unsteady supply of molasses from Illovo Sugar that keeps their distilleries running far below 100% production capacity even though there is sufficient demand in the market, pushing up costs of production and jeopardizing economic viability. Surplus syrup will be exported through an agreement with India’s Uttam Energy.
Category: Fuels