NEWS

Crushing Project 4000 tpd Soybeans / 2400 tpd Sunflowerseeds

 

Located in Lobito, the plant will be the largest of its kind in Africa, with throughput capacity of up to 4,000 tons of soybeans or 2,400 tons of sunflower seeds per day.

Construction of the soybean and sunflower crushing plant will take approximately two years and is expected to create around 300 direct jobs and thousands of indirect jobs related to soybean and sunflower planting.

This transaction is the first Individual Loan Agreement (ILA) finalised under the Framework Export Credit Agreement (FA) signed in May 2019 between Deutsche Bank, BDA and Angola’s Ministry of Finance (MoF) to fund private investment projects in the country. The credit line, arranged by the bank’s Structured Trade & Export Finance (STEF) team for the Government of Angola, aims to finance agriculture, agri-industry, fishing and general industries with the aim to guarantee a greater supply of goods, services and employment, creating new opportunities for the population.

Andreotti Impianti Managing Director Alberto Andreotti said: "We are very proud that Andreotti Impianti is part of one of the most ambitious industrial projects in Sub-Saharan Africa, contributing the export of Italian technology and machinery in an extremely competitive market, where this innovative export finance agreement, arranged by Deutsche Bank and guaranteed by SACE, will help support economic development in Angola.”

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