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South Africa's Industrial Development Corporation and Central Energy Fund have identified five towns across the country to take part in a R3.2-billion biofuels project.
South Africa is moving to establish a biofuels industry that could create thousands of jobs and draw billions of rands in investment in the Eastern Cape, a part of the country that is rich in under-used, high-potential arable land.
South Africa's Cabinet has given the go-ahead for plans to develop the country's biofuels and business process outsourcing industries, which will see billions of rands being pumped into these sectors in a bid to accelerate economic growth and create jobs.
Ethanol Africa is forging ahead with plans to produce environment-friendly biofuels with the announcement that German engineering firm Uhde is to build its first bioethanol plant, and that it is to list on London's alternative AIM stock exchange in November.
South Africa's Industrial Development Corporation is planning to invest in at least five projects for the production of fuel-grade ethanol, a result of the high rating the corporation has given to the long-term development of the country's biofuels industry.