In the UK, China New Energy announced it has won a number of contracts with Supercare Group Limited of Ghana and CNBM General Machinery Co., Ltd in China to construct a new ethanol plant in Ghana.
The contracts are in relation to the building of a cassava-to-ethanol plant in Ghana that will have a production capacity of 45 million litres of ethanol per annum. The ethanol will primarily be used by the food industry.
The scope of the contract is to design and supply the ethanol processing equipment for the project and to work with a local EPC contractor to install the equipment and commission the plant. The total value of the contracts to CNE are, in aggregate, approximately $12.5 million that will be paid in accordance with agreed milestones. The project is scheduled to commence in May 2017 and the project is forecast to be commissioned in Q1 2018.