Sanlam buys in on Sappi, Alien Fuel Group biomass-to-energy project

Asset manager Sanlam Investments will invest R46-million in a joint venture (JV) biomass-to-energy project between energy company Alien Fuel Group and pulp, paper and packaging manufacturer Sappi in Umkomaas, KwaZulu-Natal.

The Sanlam Investments Sustainable Infrastructure Fund (SIF) is funding a portion of the JV, which is known as Mkomazi Alienfuel.