Biocom scores $3.5 million ethanol export deal to Europe for 8,500 cu m

In Angola, Biocom has secured a contract to export 8,500 cubic meters of ethanol to Europe for $3.5 million, the first time it has ever exported the fuel. The company produces 17,000 cubic meters of ethanol annually in addition to 75,000 metric tons of sugar on 24,000 ha of sugarcane and first came online in 2014. It is expected to reach full production capacity of 33,000 cubic meters in the 2020/21 season. The receiver nor the destination port for the ethanol were reported in the DevDiscourse article.