Sustainable ambitions
The iLive South Africa management actively pursued technology development in the biofuel industry since 2002 and established iLive SA in 2010 to realise green fuel projects. The acquisition of CBC initiates the beginning of solid fuels production for iLive SA and their roadmap to advanced renewable liquid fuels production.
As a supplier of sustainable transport fuels, FinCo Fuel is committed to reducing CO2 emissions and improving socio-economic conditions. Funding the restart of CBC pellet factory fits within FinCo’s ambition to play a key role in the supply chain. This includes access to biomass residues, the sustainable harvesting and processing of the material and the conversion to low carbon transport fuels.
For Partners for Innovation, the funding and ownership are logical next steps to its project development activities and ambitions in realising sustainable environmental and socio-economic impacts.
Operational autumn 2022
The factory is expected to become operational in Q3 2022. When fully operational CBC will create over 600 jobs in harvesting, logistics and the pellet factory itself. White pellets are perfectly suited to be burned in clean cooking devices, in industrial furnaces for steam and power generation, and as a substitute for coal to produce electricity or biofuels.
The consortium is also considering introducing torrefaction technology into the factory to produce black (torrefied) pellets. These pellets are perfectly suited to substitute coal.
Read more about the Coega Biomass Centre.
For more information, please contact Melody Fang, Business Development Manager Biomass at FinCo Group.