According to Thompson Financial, Portucel – Empresa Produtora de Pasta e Papel SA is considering building a plant in Mozambique, according to the chairman of Portugal’s investment agency, Basilio Horta.
Diario Economico reported that the plant would cost about €1 billion. Mozambique is a strong candidate for the plant because of the “high productivity of its eucalyptus forests” (sic).
Diario Economico added that Potucel is also considering other locations including Angola, Uruguay, Brazil and Portugal.
But earlier this month, Thompson Financial reported Portucel as saying that “Portugal has not been considered a possible location for a planned new pulp plant due to a current lack of available raw materials”.