A cassava cropping and processing company, Caltech Ventures is to begin producing ethanol from cassava by March this year.
Managing Direct of Caltech Ventures, Chris Quarshie said this in a brief with the Minister of Trade and Industries, Dr. Ekwow Spio-Gabrah who was visiting the facility located in the Volta Region.
“Ghana currently imports 60 million litres of ethanol yearly,” GNA noted.
“The waste from the process will be used to also produce electricity and make fodder for animals,” said Chris Quarshie.
Kasapreko Company Limited (KCL), an alcoholic producer and also a large importer of ethanol, holds 40 percent shares in Caltech Ventures.
The ethanol production has a potential to increase exportation of locally manufactured products and will most likely develop the community it operates from.