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Billionaire Robert Gumede plans to turn Tongaat sugar into power and fuel
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Billionaire Robert Gumede plans to turn Tongaat sugar into power and fuel
South African billionaire Robert Gumede plans to turn Tongaat Hulett, the 134-year-old sugar producer his consortium rescued from liquidation this year, into an energy business that squeezes electricity, fuel and industrial gases out of a single sugarcane crop.In an interview with Semafor, Gumede said his group, Vision Sugar, would build three revenue streams around the cane. He wants to burn leftover stalks and fibre to generate electricity, co…
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