Kenana, Sudanese sugar producer, to triple ethanol efforts

In Sudan, Kenana, already Sudan’s largest sugar producer, will nearly triple its ethanol output in the next two years to reach 1 million tonnes and plans to make a stock market offering in South Africa. The company expects to receive $500M this year from primary shareholders to cover the expansion, as well as an additional $125M in its IPO. The company is currently owned by the governments of Kuwait, Saudi Arabia, and Sudan.

More on the story.