South African Investor Considers Ethanol Refinery In Nigeria

From Ventures Africa

South African firm Industrial Development Holding is set to build an ethanol refinery plant in Edo State, Nigeria, Mxolesi Mbetse, Executive Chairman of the company says.

Mbetse in a courtesy visit Edo state Governor Adams Oshiomole said through the investment the company will eliminate the importation of palm oil and ensure that Nigeria becomes a “major exporter of not only palm oil and sugar, but of ethanol.”

Edo state is well-endowed with abundant agriculture and natural resources that could sustain industrialisation and industrial growth, not only in the state and the geo-political zone but the entire country, Mbeste said.

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