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API Renewable Energy plans to launch Ethiopia’s first commercial-scale biodiesel refinery with a ribbon-cutting ceremony in the Adama Industrial Zone in the first week of December 2018. The goals of API are to rehabilitate degraded lands, create large-scale employment, generate wealth in East Africa and improve the region's environment. Stamford, CT, November 29, 2018 --(PR.com)-- API Renewable Energy plans to launch Ethiopia’s first commercial-scale biodiesel refinery with a ribbon-cutting ceremony in the Adama Industrial Zone in the first week of December 2018.
A new bill is in the works to allow the involvement of the private sector in development, production, distribution and the sale of biofuel energy. The law will be the first to be enacted for the biofuel energy industry.The Ministry of Petroleum & Natural Gas is drafting the proclamation, regulation and directives that will fully open the industry to the private sector, which was once exclusively allocated to public investments only. The Ministry has been drafting the legal framework for the past two years in collaboration with 22 institutions, including ministries, public enterprises and representatives from the private sector.
The biofuel industry has been regulated by the investment and trade laws of the country until now. The new law, which is in its final stages of review, will replace the current laws, according to Michael Gessese, director of biofuel at the Ministry.
Africa has been having a crisis when it comes to disposal of its wastes. In urban areas, the situation has become unbearable to many residents. There are heaps of urban wastes seen in major cities. This is due to the high population that is residing in those areas. But Ethiopian engineer and entrepreneur, Samuel Alemayehu has developed ways to transform the wastes into useful products. Alemayehu is a World Economic Forum Young Global Leader, and a former entrepreneur from Silicon Valley. Furthermore, he is an engineer at Stanford. He developed the first ever Africa’s waste-to-energy plant. The plant reduces dangerous and noxious wastes while improving urban centers.
According to him, the plant will be in a position to supply 30% of the household energy required in Addis Ababa. It will also incinerate 80% of rubbish found in the Ethiopian capital. That will be approximately 1,400 tons of waste daily. The project is worth $120 million run by Samuel Alemayehu who is the co-founder of Cambridge Industries. The Cambridge Industries together with CNEEC a partner from Chinese JV joined the Ethiopian government and a group of international firms to change the way the city tackles waste problem.