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A-Dinota to set up ethanol plant in Taraba, Nigeria
TARABA, NIGERIA: The government of Taraba state in Nigeria signed an
agreement with China's A-Dinota Ventures Ltd. to set up a US$115 million
ethanol plant, according to a media report.
The state of Taraba will provide the required land area and the US$70
million sovereign guarantee required for A-Dinota to import the plant
equipment from China. In return, 15 per cent of the paid up share capital in
the joint venture for the ethanol plant will be equally distributed among
the host community, local and state government.
In addition to ethanol, the plant will produce cassava flour, liquefied
carbon dioxide and bio-fertilizers. The joint venture expects to sell a
minimum of 10 per cent of its output to the host communities. The ethanol
project is expected to create jobs for about 30,000 people.
