Kenmare and Greenlight Africa biodiesel
Renewable Energy & Green Transition
Information
Company Description
Kenmare Resources - Kenmare Resources plc is one of the world’s largest producers of titanium minerals. Listed on the London Stock Exchange and Euronext Dublin, the Company operates the Moma Titanium Minerals Mine, which is located on the north east coast of Mozambique. Kenmare’s mineral sands products are key raw materials ultimately consumed in everyday “quality-of-life” items such as paints, plastics and ceramic tiles. The Moma Mine has been in production for 18 years and Kenmare has a long-standing commitment to being a responsible corporate citizen.
Countries of Operation
Mozambique
Ownership of Company:
100% European Company
Number of years since incorporated
38
Project Pitch
Kenmare Resources and Greenlight Africa are looking to establish a full value chain biodiesel production entity that covers upstream agricultural biodiesel feedstock production through to downstream biodiesel processing, blending and logistics. Kenmare represents a long-term anchor customer with its commitment to decarbonisation and replace its fossil diesel with low-carbon biodiesel.
Team
Kenmare has committed to reducing its carbon emissions and biodiesel is one of the most promising routes to achieving this. Kenmare is working with Greenlight Africa to explore options for creating a domestic source of biodiesel in Mozambique.
Type of Project
Special Purpose Vehicle
Stage
Concept stage
Annual Revenue (in EUR)
>100.000.000 EUR
Number of employees
> 500
Total Project Cost (in EUR)
30,000,000
Financing needs (in EUR)
30,000,000
Type of financing needed
Debt; Grant
The Company is looking for:
Financing; Joint Venture/Partnership; Technology Solution/Equipment
Planned allocation of fundraising capital
Greenfield (new activity for the company)