Mozambique has signed two accords with Brazil for a $6 billion investment in biofuel exploration.
The chairperson of the Brazilian confederation of biofuels company Arranjo Produtivo Local do Alcool (APLA), Antonio Godoy, was quoted as saying some of the biofuels produced from sugarcane would be exported to Brazil to cut its dependence on petroleum based fuels.
Some $256 million has been invested in the Mozambique biofuels sector covering 83,000 hectares.
Source African Press Agency
