USA, Energy Current - Houston,TX,
TARABA, NIGERIA: The government of Taraba state in Nigeria signed an agreement with China's A-Dinota Ventures Ltd. to set up a US$115 million ethanol plant, according to a media report.
The state of Taraba will provide the required land area and the US$70 million sovereign guarantee required for A-Dinota to import the plant equipment from China. In return, 15 per cent of the paid up share capital in the joint venture for the ethanol plant will be equally distributed among the host community, local and state government.
In addition to ethanol, the plant will produce cassava flour, liquefied carbon dioxide and bio-fertilizers. The joint venture expects to sell a minimum of 10 per cent of its output to the host communities. The ethanol project is expected to create jobs for about 30,000 people.
http://www.energycurrent.com/index.php?id=3&storyid=13619
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