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Petrochemicals group Sasol and the State-owned Central Energy Fund (CEF) have selected Siyanda Biodiesel as their black economic-empowerment (BEE) partner in a proposed 100 000-t/y soya-bean based biodiesel production plant in South Africa.
Sasol said in a statement issued on Tuesday that it would hold 37,5%, CEF 36,5% and Siyanda Biodiesel 26% of the proposed joint venture company, is yet to be named.
Sasol and the CEF have also engaged global technology company Lurgi AG to further study the viability of the biodiesel project.
It was anticipated that a final decision on the construction of the plant could be made before year-end. If approved, the plant may be located at Newcastle, Sasolburg or Secunda.
However, Sasol Nitro MD Bernard Klingenberg reported that the three technology bids received for the project were far higher than anticipated, negatively impacting the project's economics. This might hold back approval.
Additional information: Read the full story at Engineering News
News date: 07/11/2006