Biocom (Companhia de Bioenergia de Angola) is a company that produces, distributes, commercializes and envisions exporting sugarcane and its derivatives and by-products including sugar, ethanol and electricity- the first of its kind in Angola.
The modern energy solution that employs more than 2, 000 people, 90 per cent of them Angolan nationals, is one of the companies empowered by global capital investments leader, Cochan.
Cochan provides business strategies, in-depth experience and community expertise to companies that share in its vision of entrepreneurship, quality, sustainability and respect to enable sustainable and responsible growth.
It was founded by entrepreneur Leopoldino Fragoso do Nascimento to enable Angola develop and prosper after its long civil war.
“Fast growth cannot be fuelled without an investment in people, first and foremost. I am proud of Cochan’s record of driving employment and entrepreneurship,” the Cochan founder and Director General notes.
Biocom expects to produce 73,000 tonnes of sugar, 17,000 cubic metres of ethanol and 200, 000 megawatts of energy this crop year breaking the record since the establishment of its agro-industrial complex in Malanje Province in Angola.
In the largest-ever sugar production initiative in Angola, the Cochan Group project has been preparing 18, 000 hectares of sugarcane and will prepare 25, 000 hectares by the end of the harvest year.
Cochan intends to take advantage of the favourable farming conditions in Angola and to diversify the country’s economy, responding to Angolans’ domestic consumption needs and supplying sugar to other African countries.
Biocom aims to be one of the five largest producers of sugar in southern Africa by the 2020/2021 harvest, estimating production at 256,000 tonnes, and distributing it to every part of the country and exporting it to international markets, according to the company’s Production Director, Marcos Brandão.
Leopoldino Fragoso do Nascimento says Biocom will significantly impact Angola’s energy security and ultimately the lives of Angolans.
Cochan’s investment in Biocom was made in partnership with Odebrecht Angola Lda and Sonangol Holdings.