Egypt invests in bioethanol plant in UAE

bioethanol plant in UAEEgypt is looking to get $250 million (€187 million) in a bioethanol place in the UAE.

Petroleum Minister in the Egypt has programs to create a bioethanol place in UAE that will procedure 100,000 loads of molasses yearly.

Machinery and other relevant facilities will be set up at the molasses place, which will also contain a handling device.

The development venture is set to be finish by the end of 2015.

Egypt is looking to set up two other petrochemical tasks in the place. The three tasks are required to price a finish of $540 million.

One of these tasks will concentrate on the development of bioethanol from rice straw and will also procedure 100,000 loads of straw each year.