CassavaTech's High-Quality (99.6%) Cassava Ethanol Project
Why Cassava?
Cassava is an excellent source for ethanol production because it has a high starch content, can be grown in poor soils and harsh climates, and can produce high yields of alcohol compared to other crops. It is also a cost-effective feedstock, and the non-food parts of the plant, like peels and stems, can be used to make second-generation ethanol, which avoids competition with food crops. Besides, for many countries utilizing a locally abundant crop like Cassaava can help to improve energy independence
Main Entities of the Project
CassavaTech FZE
The Project Company, CassavaTech's main business activities include the folloings:
- Boosting investment in the Cassava Industry;
- Revolutionising the Cassava industry;
- Fully mechanising the Nigerian Cassava farming with the most advanced technologies;
- Boosting the quality of the Nigerian Cassava for High-Quality food and ethanol production
- Improving the Nigeria energy independence through Cassava, an abundant energy resource
MDACI
The Lead Project Developer, MDACI's is primarily engaged in the business of:
- Creating busines opportunities for its global registered global members and partners.
- Helping you successfully develop your Project to bankability and fundabiility.
- Arranging the funding for the Project EPCIM.
- Making your business journey our own,
- Transforming your business through advanced solutions that grow it to profitability.
MDACI Consortium
The member companies of MDACI appointed for the Project EPCIM, Financing and-all:
- EPCIM. Contractors are Czech Companies with a strong experience in Chemical Plant EPCIM.
- Financier. Czech Export Bank / MDACI Investors who are ready to finance bankable projects.
- Export Guarantor & Insurance Corporation. shall the secure the insurance the Export Credit as specified in the Export Guarantee Policy of the Bank.
The Cassava Ethanol Project of CassavaTech
The Project consists of a be net-zero / zero-emission 100,000 LPD Ethanol Production Plant, which shall be implemented on a land area of 10ha. It shall be provided with the most advanced Carbone (Dioxide) Capture and Storage (CCS) and Sulphur Monitoring Systems. The Project shall be implemented on a land area of 10ha with the provision of expansion up to 300,000LPD or more.
The total annual consumption of HQ Raw Cassava of the Ethanol Plant shall be 100,000 MT, which is required for the production of 36,600 MT (or 12,027,766 Gallons or 45,530,400 Litres) of HQ Cassava Ethanol (99.6%). The Purchase guarantee of this Total Annual Production (TAP) shall be secured by MDACI / CONSORTIUM through its exclusive European Buyers. As of today, 20 August 2025, the price of the HQ Ethanol 99.6% in the European Union market varies generally around from €0.70-0.80 per litre (or roughly €700-793 per cubic metre. The price can fluctuate based on several factors, including location within Europe, the specific type of ethanol (e.g., crop-based or high GHG savings), and prevailing market conditions. For the purpose of this report, we use the average price of €0,75 per litre (or an average Total Gorss Annual Revenue of income of €34,147,800) with a GACR of 2.5% per year from 2026 to 2032.
Due to the poor quality of the Nigeria's power sector, marked by significant challenges such as a massive electricity access deficit, frequent power outages, and unreliable grid supply, even for those who are connected, the HQ Cassava Ethanol Plant shall be designed with its own integrated Power Plant of 7-14 power units of 1MW each to boost its reliability, maintainability, efficiency and maximum output. The Project shall also be provided with its own Water Treatment Plant of Total Annual Production of 115,466,554 Gallons (or 437,088.50 m3) of fresh water due to the unrealisable and poor water infrastructure and supply in Nigeria. The Poor quality of the power and Water sector has been the result of decades of underinvestment, poor infrastructure, and high technical and commercial losses, which severely hinders economic growth and development of Nigeria.
Project Documents & Detailed Technical Designs