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Chinese Government pledges loan for Fiji Ethanol Production Project in 2008
| Funder | Unspecified Chinese Government Institution |
|---|---|
| Recipient Organization | Government of Fiji |
| Country | Fiji |
| Start Date | Mar 08, 2008 |
| End Date | Jun 04, 2028 |
| Duration | 7,393 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 41935 |
Grant Description
Chinese Government pledges loan for Ethanol Production Project In September 2008, Chinese investors announced plans for an ethanol project in Fiji. Then, on February 28, 2008, during a visit to Fiji, a delegation of experts from Henan Tianguan Group Co. Ltd., assessed the feasibility of developing ethanol from cassava.
The ethanol production project was expected to involved a total investment of 40 million Fijian dollar, with 30,000 tons of cassava being processed a month, producing 50,000 tons of ethanol.
The Government of Fiji hoped that the project would ease the pressure caused by the continued rise in international oil prices.
On March 8, 2008, Fiji's Ambassador to China, Sir James Ah Koy signed a memorandum of understanding with the visiting Chinese delegation on producing ethanol from cassava.
Then, on September 22, 2008, Liangci Sugar Manufacture Company Limited of Guangxi State Farms announced a planned FJ63.6 million ($39 million) ethanol processing plant.
However, the development of this project reportedly stalled due to domestic concerns over cassava use.
Sources & References
- 中国斐济两国拟合作开发木薯生产乙醇项目
- China’s development aid to Fiji: motive and method
- CHINESE BUILDERS PLAN MAJOR FIJI INVESTMENTS
- CHINESE COMPANY TO BUILD ETHANOL PLANT IN FIJI
- Annual Report 2008
- China’s involvement in Fiji and Australia and New Zealand’s position
- China’s Development Finance: Outbound
- Inbound, and Future Trends in Financial Statecraft
- FIJI: China to invest US$40 million in ethanol production
- Fiji targets cassava ethanol
- CHINESE ETHANOL EXPERTS TO VISIT FIJI
- Ah Koy Criticises NLTB’s View
- China: Stumbling Through the Pacific
- Ethanol Plant (opinion)
- Cassava Planting Way to Go
- Concessional Loan Projects By The People’s Republic Of China Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
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Government of Fiji
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