setting up a cotton seed oil refinery plant in ethiopia

   
setting up a cotton seed oil refinery plant in ethiopia
                                               
                                               
                                               
                                               
  • setting up a cotton seed oil refinery plant in ethiopia
  • What oilseeds are used in Ethiopia?
  • Nine oilseeds namely noug, gomenzer, linseed, soybean, sunflower, castor, sesame, ground nut and cotton are important in Ethiopia for edible oil consumption. During the last 60years, 156 varieties with their production practices were registered. Sesame contributes significantly to the foreign currency earnings next to coffee.
  • Can Ethiopia achieve self-sufficiency in edible oil by 2015?
  • The Ethiopian government is aiming to achieve self-sufficiency in edible oil by 2015. The aim of this research was to develop sustainable business models for millers, increase their competitiveness, and enhance food safety and security in Ethiopia within the changing policy context.
  • How many oil refineries are there in Ethiopia?
  • Currently there are about 40 refining and semi refineries known to operate in a medium and large scale oil mill firms in the country. As it is depicted in the table below, the edible oil volume of production in Ethiopia shows erratic nature from the year 2007 to 2012 expect in the year 2011 which shows significant increase.
  • Will Cotton seed oil produce other types of edible oil?
  • The larger production proportion of edible oil production will of Cotton seed oil due to availability of the raw materials in the market in abundance. We can¡¯t however rule out the situation in which the company can produce other types of edible oil as dictated by the market and raw materials availability.
  • Can Ethiopia scale up its production of edible oil?
  • Ethiopia has a huge potential for scaling up its production of edible oil; favorable agro-climatic condition for increased oilseed cultivation, the labor-incentive nature of the sub-sector, a conductive business environment and the huge local demand. Despite this potential, however, the edible oil processing industry remains underdeveloped.
  • Is edible oil a viable business idea in Ethiopia?
  • Economic feasibility investigation result also shows the profitability of the business idea, since, the net present value is positive which mean acceptable and viable for implementation. The Ethiopian government is aiming to achieve self-sufficiency in edible oil by 2015.