Craton Equity invests $10 million in 60 Mgy sugarcane ethanol project in Mozambique

In Mozambique, Craton Equity Partners has invested $10 million in Principle Energy Limited, a biofuel development company with a $60 Mgy sugarcane ethanol project located in Dombe. Craton’s investment will contribute to the ramp-up and working capital needs of the Dombe Project, including the construction of the ethanol production facility, the cultivation of 18,000 hectares (45,000 acres) of sugarcane feedstock, and the expansion of housing, clinics and schools for local residents — approximately 2,000 of whom will be employed by the project.

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