Liberian challenges defeat Buchanan Renewables


Issue 253 - 03 May 2013
Biomass producer Buchanan Renewables (BR) has been sold to an investor group, after a project to recycle old rubber trees and rejuvenate Liberia’s once world-leading rubber industry proved more challenging than expected. Stockholm-based Vattenfall and Swedish government-owned private equity company Swedfund backed the project to convert old rubber trees from the former Firestone plantation to woodchip. The woodchips were intended to fuel a 36MW biomass power plant in Monrovia, as well as being sold for export. But the scheme ran into difficulties and the Swedish backers pulled out last year.

Want to read more?

Subscribe to African Energy

View subscription options

This article is available to registered users

Login

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register