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ZAMBIA GETS USD $5 MILLION INVESTMENT FROM ZIMBABWE

Castor Seeds

Castor Seeds

A Zimbabwean based oil company says it has set aside USD $5 million to construct an oil processing plant in Zambia.

Oil Castor Head of Chemistry and Engineering Takuza Chifamba has told the Zambia Daily Mail that the firm needs 100 hectares of land where the oil processing plant will be set.

The oil processing plant which is expected to create 2,000 jobs will process oil products such as bio-diesel, bio-lubricants and cosmetic oil products.

He says the oil processing plant will help government earn revenue through exports and tax collection.

Chifamba could however not disclose where the plant will be built.

He says castor bean seed is not complicated to maintain or even grow as it does not consume too much fertilizer or requires use of complicated equipment.

“As Oil Castor Zimbabwe, we plan to set up a processing plant in Zambia. So far, we have 15 farmers who have come on board and we have acquired 25 hectares of land for growing castor beans,” he says.

Chifamba says the firm will supply the castor bean seed to farmers as well as create ready market for the produce.

He explains that the castor oil is critical to many industrial applications compared to other vegetable oils because of its unique ability to withstand low and high temperatures.

“We have the capacity to consistently do this. All we need is more hectares and more farmers coming forward. Materials required to complete bio-diesel production are locally accessible,” he says.

 


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Castor seeds zimbabwe