Illovo Says Policy Certainty Key to Unlocking Sugar’s Cogeneration Potential
by Terence Creamer (Engineering News) … For Illovo, meanwhile, electricity generation forms part of a larger downstream diversification strategy, designed to lower the group’s reliance on sugar prices. Besides power, the JSE-listed group is also moving to expand its ethanol production in South Africa, Tanzania, Zambia and Swaziland, while producing a number of other niche products such as furfural. It will also consider biofuel prospects where the policy and regulatory environment is supportive. In 2015, downstream products contribute 16%, or R268-million, to operating profits of R1.65-billion and Dalgleish says it is aiming to increase the contribution of the downstream business to over 20%, excluding an additional cogeneration. READ MORE
