South African Company To Produce Over 8 Million Litres Of Liquid Fuels Per Day From Coal

Yesterday Government signed $5,2 billion deal with a South African company, Nkosikhona Holdings, that will see Zimbabwe produce over 8 million litres of liquid fuels per day from coal in the Lisungu area of the Zambezi basin

The deal will be made a reality under a Memorandum of Understanding (MoU) signed between Verify Engineering Private Limited, an agent of the Ministry of Higher and Tertiary Education, Science and Technology Development and Nkosikhona Holdings yesterday. The plant that will be built by Nkosikhona Holdings will produce fuels and energy products like petrol, diesel, gas, oxygen, waxes, compounds for agriculture such as fertilisers, tar for the roads and solvents like plastics. 

A ground breaking ceremony for the plant is scheduled for June 1 this year while mining operations will start in September. It will take at least three and a half years before the country starts benefiting from the value addition and beneficiation. The project will operate under the joint venture company, Vectol Zimbabwe (Pvt) Ltd.