Zimbabwe: Noic, Triangle in Ethanol Talks
This comes as Government recently liberalised ethanol production following perennial failure by Green Fuel to adequately supply the market particularly during wet seasons.
The inadequate supplies from Green Fuel forced Government, in March, to revise downwards the mandatory blending level of unleaded petrol with ethanol to 5 percent from 15 percent.
NOIC public relations officer Loku Tshaka told The Herald Business that discussions over a joint venture with the Lowveld sugar producer were ongoing but at present the state-owned entity was procuring ethanol from Triangle through an interim arrangement. Government has in the past augmented Green Fuel supplies through Triangle.
The oil company is also pursuing the construction of a Liquefied Petroleum Gas storage facility. READ MORE