Cocoland Sugar Project
Cocoland Sugar Development Project is a long-term project to build the largest integrated sugar enterprise in Papua New Guinea (PNG) and the South Pacific. Vertical integration and supply chain management of the sugar production process will enable CocolandSugar to be a dominant domestic sugar producer and a major international player in the sugar industry. The project will make Papua New Guinea one of the world’s top sugar producers by 157,000 ha of sugar cane farming and development of 3 x 20,000 ton per day of cane processing sugar mill with a total investment of USD 1 Billion to create up to 65,000 direct employment opportunities. Planting has already started and mill construction is expected to begin in Q2/2019.
Cocoland Sugar Development vertically integrated structure to create and capture value throughout the sugar production supply chain. Cocolandis structured with a group of subsidiaries :
Cocoland Sugar Development Project will generate around USD Million in annual gross revenue (equivalent to 4.75% of the country’s GDP). The project is expected to create around 64,600 jobs, equal to 1.86% of the total employment rate in Papua New Guinea when all three phases are implemented. This will create a sustainable long-term economic output for the country. It will be a key pillar in PNG’s national strategy for food and economic independence via integrated farming approaches and stakeholder participation in growing sugarcane by local farmers, employment of local labour building and operation of the sugar mill and power plant. A crucial part of the project development is that PNG government will make an equity contribution in kind by providing CocolandSugar Development with suitable arable state lease land of around 157,091 HA. In terms of sugar productivity, the project will cover PNG domestic demand and enables PNG to be a major player in international sugar exporter to fast growing China, Indonesia and the high-consumption European and USA markets. Furthermore, high value of sugar production by-products can potentially double revenue and provide alternative green energy and green materials.