3 rd AFRICA FINANCE CONFERENCE

Transcription

1 3 rd AFRICA FINANCE CONFERENCE An overview of Omnicane s Projects Financed by the EIB Presented by: Rajivsingh RAMLUGON Group Chief Sustainability Officer 12 th May 2016

2 SUGARCANE INDUSTRY IN MAURITIUS

3 1639 Introduction of sugar cane by the Dutch 1696 Production of first sugar crystals 1860 Sugar production reaches 121,000 tonnes with 259 factories 1919 Creation of the Mauritius Sugar Syndicate 1953 Creation of the MSIRI 1957 Co-generation of electricity 1973 Record production of 718,464 tonnes of sugar 1975 Signing the Sugar Protocol of the Lomé Convention 1980 Bulk Sugar Terminal becomes operational 2006 Multi-Annual Adaptation Strategy (MAAS) Action Plan Bagasse/Coal Thermal power plant at La Baraque (South) 2009 Omnicane Flexi Factory, La Baraque 2009 Full reduction in price of sugar (36% over 3 years)

4 Main Components of the MAAS 1. Reducing costs: Centralisation of milling operations Voluntary/ early retirement Grouping of small planters for block farming 2. Adding value: Cogeneration of electricity Refined sugar Bioethanol / Concentrated Molasses Stillage (CMS) as fertilizer Refined Sugar Electricity Bioethanol

5 Omnicane at a Glance

6 About us Born from Mauritius centuries-old sugar industry Omnicane is listed on the Mauritius Stock Exchange and the SEMSI Ranked among the Top 100 Companies in Mauritius Refined Sugar Electricity Bioethanol

7 Our Mission We strive to make the utmost sustainable use of the natural resources at our disposal, for the benefit of all. Our Vision To be an inspiration for sustainable development in our operations. Refined Sugar Electricity Bioethanol

8 Our Sustainability Engagement We consciously operate for the benefit of people, planet and prosperity by: Being a responsible corporate citizen, valuing our people, engaging constructively with our local communities and actively supporting numerous local and national NGOs Developing our collective eco-consciousness to promote cleaner production and judicious use of natural resources Embracing sound business models to develop resilience and achieve long term growth Refined Sugar Electricity Bioethanol

9 Omnicane s Engagement in the New Cane Industry

10 Centralisation of Milling Operations to La Baraque

11 Our Fully Integrated Flexi-factory Complex Bio-Fertiliser Plants CO 2 Bottling Plant Refined Sugar Electricity Bioethanol

12 Our Industrial Ecosystem Our flexi-factory complex translates our resolve to plan and execute our entire production as an integrated whole, for optimum flexibility, maximum efficiency, and, above all, minimal waste, notably by using one operation s waste as another s raw material.

13 Our Flexi-Factory Industrial Ecosystem Steam COGENERATION POWERPLANT ELECTRICITY FOR NATIONAL GRID CANE Coal Fly & Bottom Ash Electricity Electricity Steam Bagasse Milling Electricity Coal Refined Sugar Molasses Steam CARBON BURNOUT Raw Sugar Cement Additive Steam & Electricity Refinery Steam Steam Electricity Food Grade CO 2 BIOETHANOL DISTILERRY Construction/Buildi ng Industry CMS Bio-Fertilisers Biogas Vinasse Bio-fuel

14 Omnicane s Collaboration with EIB

15 Omnicane's Projects Financed by EIB Refinery Mon Trésor Smart City Project Holiday Inn Bioethanol Distillery Carbon Burn Out

16 SUGAR REFINERY Objective: Add Value from Raw Sugar Daily refining capacity = 600 tons/day Annual Refining capacity = 200,000 tons Production of EEC Grade II direct consumption sugar Construction Period Project cost: EUR 30 M Jobs Created: 200

17 THE BIOETHANOL DISTILLERY Refined Sugar Electricity Bioethanol

18 Bioethanol Distillery - Key Facts Objective: Optimal Valorization of Molasses Start of Operations: Avril 2014 Jobs Created: 50 Bioethanol Production Capacity 24M litres/yr CMS (bio fertilizer) tons/yr Beverage Grade CO tons/yr Project for biomethanation of vinasse (2017): 1600 Nm 3 /hr of Methane = 3.4 MW Electricity MW Thermal Energy Refined Sugar Electricity Bioethanol

19 Bioethanol Distillery Financial Aspects Project cost USD 29 M Debt: USD 18 M Equity: USD 11 M Project cost Amount financed by EIB: USD 8.76 M Duration of repayment: 10 years

20 Carbon Burn-Out (CBO) Project Objective: Valorization of Coal Fly Ash for Reuse as Construction Material

21 Process Summary bar Low-Pressure Steam bar High-Pressure Steam 1 MW Electricity 35,000 T/Y Omnicane Thermal Energy La Baraque 10,000 T/Y Omnicane Thermal Energy St Aubin 35,000 T/Y Fly Ash 25,000 T/Y Terragen Carbon Burn-Out 22,000 T/Y Bed Ash

22 CBO Process Flowchart (High-Pressure Steam 16 bar) (1 MW of Electricity) (Low-Pressure Steam 2.7 bar) Refined Sugar Electricity Bioethanol

23 Environmental Benefits of the CBO No need for landfilling of ash hence no dependency on land availability No waste as the ash becomes a raw material for the construction industry Reduced CO 2 emissions by 25,000 tonnes yearly from the partial avoidance of cement production and import Refined Sugar Electricity Bioethanol

24 Site Progress Expected Completion 31/08/2016 Refined Sugar Electricity Bioethanol

25 CBO project Financial Aspects Project cost Project cost USD 21.9 M Debt: USD 13 M Equity: USD 8.9 M Amount to be financed by EIB: EUR 8m Duration of repayment: 10 years

26 Mon Tresor Property Development

27 BACKGROUND Land Development Strategy Unlocking land value in strategic areas : (Ebene, Highlands, Mon Tresor Smart City ) Underpins the country s economic development initiatives Mon Tresor: Urban Plan financed by EIB & done by Royal HaskoningDHV in 2013 with the assistance of all relevant stakeholders and authorities

28 A team of Professionals

29 MON TRÉSOR - SMART ECOSYSTEM 1 Holiday Inn Hotel 2 Business Park Educational Facilities 2 4 Entertainment Complex Sports Complex 6 Medical Centre 7 Dodo Sanctuary and Leisure Park 8 Beach Club 9 Christiane Vallet Palm Forest 10 Leisure Resorts & Public Beach Residential Development

30 REGIONAL NEEDS LET S BE SMART! A Smart City in the South to Live, Work, Play targets at reducing commuting and its drawbacks 8000 jobs Create opportunities for enterprises of all sizes to set up: Large, medium and small Resolve Mauritius middle income stagnation into a thriving high income economy TOTAL JOB CREATION: 8000 direct and indirect PHASE 1 = 1,395 Direct jobs 1,730 Indirect jobs

31 PUTTING PEOPLE FIRST First project in Mauritius and Southern Hemisphere to obtain BREEAM communities interim certification Priorities and focus - Inclusive development - Job opportunities - A low carbon Project by: Transition towards Renewable energy Sources Energy demand management Mobility management - Protect and enhance the environment - Integrated management of resources and waste

32 HOLIDAY INN MON TRESOR

33 Holiday Inn Mon Tresor Facts & Figures First Airport Business Hotel in Mauritius Full service 4-star business hotel 140 rooms including 3 rooms especially designed to accommodate guests with physical disabilities Fully Equipped Business Centre and Conferencing Facilities 109 jobs created (80% come from neighbouring localities)

34 Holiday Inn - Financial Aspects Project cost Project cost EUR 20.9 M Debt: EUR 11 M Equity: EUR 9.9 M Amount financed by EIB: EUR 8m Duration of repayment: 10 years

35 Thank you for your attention