Saturday, August 13, 2022
  • About Us
  • ImagiNATION
  • Rate Card
  • Contact Us
The Nation Online
Advertisement
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home Business Business News

PCL says ethanol driven vehicle project on hold

by Happy Mwachande
11/09/2017
in Business News, Editors Pick
1 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

 

Conglomerate Press Corporation Limited (PCL) says the Ethanol Driven Vehicle Project (EDVP) has been put on hold because the proposed prices of fos

sil fuel do not make business sense.

The project, which was pioneered by dual-listed PCL in 2015 through its subsidiaries PressCane Limited and Ethanol Company Limited (EthCo) based in Chikwawa and Nkhotakota respectively, was touted as the right alternative for petroleum fuel.

Partridge: It requires huge investment

“Although we are not able to produce the required amounts of hydrous ethanol as it requires a huge investment, an investment [in ethanol fuel] does not make business sense if you look at the fossil fuel prices,” said PLC group chief executive officer George Partridge.

The EDV project was initiated in 2006 after a Cabinet directive in 2004 to explore other sources of fuel for vehiclesto contribute to economic development by promoting use of ethanol as an alternative energy source.

In a separate interview, PressCane general manager, Christopher Guta, said the project from a policy perspective is on hold.

“The pricing model that we have now is not good enough for us to continue with the project and deliver ethanol on to the market, but I am hoping that in the near future the model for pricing will be conducive for business,” he said.

Apart from pricing, Guta said the country needs to work on increasing production of raw materials such as sugarcane to produce ethanol. n

Previous Post

Minister talks tough on vandalism

Next Post

China eyes more Trade with malawi

Related Posts

Business News

Universities move to to popularise MW2063 

August 12, 2022
Business News

Dealers tip govt on forex supply

August 12, 2022
Business News

Financial inclusion, an opportunity for Africa

August 11, 2022
Next Post
Malawi exports textiles and other products to the US

China eyes more Trade with malawi

Opinions and Columns

Bottom Up

Mindset change should target Indian-Malawians

August 12, 2022
My Turn

Legalise cannabis for poor farmers

August 12, 2022
Editor's Note

Govt set to develop Whistleblower Protection Act

August 11, 2022
Business Unpacked

How government is killing parastatals softly

August 11, 2022

Malawi-Music.com Top10

Trending Stories

  • Chakwera withheld delegated duties from Chilima

    Did ACB, LMC rush? 

    0 shares
    Share 0 Tweet 0
  • Minister allays Shoprite exit fears

    0 shares
    Share 0 Tweet 0
  • Covid-19 pushes Kuhes into drug manufacturing

    0 shares
    Share 0 Tweet 0
  • No DPP candidate endorsements from us—APM

    0 shares
    Share 0 Tweet 0
  • K1bn organic fertiliser plant rolls into action

    0 shares
    Share 0 Tweet 0

  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2022 Nation Publications Limited. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation

© 2020 Nation Publications Limited. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.