Marubeni Corp. said Tuesday it has received a $650 million order from the government of Angola for a plant to produce sugar and ethanol from sugarcane.
The plant will be built in Cunene, southern Angola, with an annual production capacity at about 400,000 tons of sugar and some 40 million liters of ethanol. It will cover most of the sugar demand in the country that currently depends fully on imports for its sugar supply, the company said.
The order represents the second-biggest Angolan contract awarded to Marubeni, following a $1 billion order for three textile plant rehabilitation projects.
Marubeni will undertake the plant construction project on a full turnkey basis, covering plant designing and materials procurement to civil engineering, plant installation and test operations.