Noble Group, a Hong Kong-based supplier of energy, food and mining commodities, plans to set up an oilseed crushing plant in South Africa’s Mpumalanga province in a venture with Altius Investment Holdings.
The plant will process soybeans and sunflower seeds to produce edible oil and feedstock, the companies said in an advertisement in today’s Business Day newspaper in Johannesburg.
The facility will be the largest of its kind in South Africa and will cost US$16 million ($19.5 million) to build, Rob Louw, chief executive of Cape Town-based Altius, said today by phone.
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