Mozambique has signed two accords with Brazil for a $6 billion investment in biofuel exploration, the daily independent O Pais reported, citing António de Godoy, chairperson of the Brazilian confederation of biofuel companies Arranjo Produtivo Local do Alcool (APLA).
Some of the biofuels produced from sugar cane will be exported to Brazil to cut its dependence on petroleum based fuels, de Godoy told the Maputo-based newspaper.
About $256 million has been invested in the Mozambique biofuels sector covering 83,000 hectares, according to Roberto Albino, the director of agriculture promotion centre Centro de Promoção da Agricultura.