J&J Bioenergy, a subsidiary of Jay and Jayendra Naidoo’s J&J Group, which is part-owned by trade unions and grassroots groups, is looking to build two bioenergy plants inland from the economically depressed Wild Coast, the Financial Mail reports.
Each will be capable of producing 100 M litres a year of ethanol from cane and sweet sorghum, and another 20 MW/year of electricity to feed into the national grid. There will be no diversion of grain from the food supply.
The R3bn investment will boost the local economy by providing roads, infrastructure, related agribusinesses and cash and equity for low income villagers. “Each factory will spend R300m year on cane. This money goes directly to the farmers, who will have shares in the factories,” says J&J director Steve Collins.