Project 8: Salamax 1660 (Pty) Ltd
Sector: Renewable Energy – Biofuels
ZAR1.3 billion (USD10 million or €80 million]
Project Summary
Salamax 1660 (Pty) Ltd (Salamax) has developed a second generation biofuel process that uses grass and/or leaves to produce ethanol and own electricity, through a locally-developed technology invented by the project sponsor. The process offers significant advantages over conventional methods that are currently in use, by being cost effective. This cost effectiveness may make the project viable without requiring government subsidies. The project also has great job creation potential.
| Location | NWU, North West |
| Project Development Stage | Bankable Feasibility Study (Pilot Plant Construction) |
| NEF Investment to Date | ZAR10 million (USD750 000 or €631 000) |
| NEF Equity(projected) | 40% |
| Project Promoter | Salamax 1660 (Pty) Ltd |
| Projected Financial Close Requirement | ZAR1.3 billion (USD98 million or €80 million) |
| Jobs Created | 5 direct (150 indirect for pilot plant and over 1000 jobs at Financial Close) |
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