Uchenna Izundu
International Editor
LONDON, Mar. 26 -- Galp Energia and Visabeira Mocambique have formed Mocamgalp to set up a biofuels plant in Mozambique and export vegetable oil for use as biodiesel in Portugal.
According to a cooperation memorandum signed during the visit of the Portuguese president to Mozambique, Mocamgalp will find up to 150,000 hectares of land for oilseeds production and transformation into vegetable oil. Mozambique will also use biodiesel from the plant following the agreed allocation of exports to Portugal.
The companies said vegetable oil will be processed at Galp Energia's plants and transformed into hydrogenated biodiesel in Portugal.
Galp Energia said it would develop a sustainable form of biofuels that would not interfere with the food chain in Mozambique.
Contact Uchenna Izundu at [email protected].
