Addax Bioenergy to develop new facility
A division of the Swiss-based energy corporation Addax and Oryx Group (AOG), Addax Bioenergy’s project will consist of a sugarcane plantation, an ethanol distillery and a biomass power plant.
Supported by the government of Sierra Leone and financed by European Development Finance Institutions and the African Development Bank, the €200 million development will grow sugarcane on 10,000 hectares of plantation land to use in its plant. The facility will mill 200 tonnes of cane an hour, producing 350,000 litres of ethanol every day. Due to start production in the year 2012, the project will create 2,000 jobs.
Addax Bioenergy is also developing the congestion and composting parts of its project as a Clean Development Mechanism (CDM) at Gold Standard. The plant will also be generating 15MW of power every year for export, produced from renewable sources. The power generation will be based on more efficient boilers and aid higher power generation.