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Celso CorreiaSponsor
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A veteran Mozambican business presence, Celso Correia chairs the diversified corporate group Insitec Holdings. The Maputo-based entity is one of the leading private holding groups in the African nation, with strategic interests in real estate, infrastructure development, financial services, and energy production. Celso Correia’s company is recognized for its progressive stance in spearheading the development of large-scale methanol, ethanol, and hydroelectric facilities. Planned for a 2014 construction start, the ethanol project involves establishment and management of a 17 million-liter annual output distillery. Domestically produced sugarcane molasses will provide an abundantly available feedstock for the operation. The agricultural product is currently a high volume, low-profit export to South Africa. Celso Correia and his team envision a five-percent blending of ethanol with domestically consumed petroleum, as well as export potential for the fuel product. Celso Correia’s firm led the December, 2011, acquisition of the major infrastructure and construction services enterprise CETA. With the country’s largest fleet of equipment and machinery, CETA has led diverse sanitation, road construction, building, and water supply projects for the past 30 years. In 2012, Mr. Correia and the Insitec executive team undertook the unprecedented step of taking CETA public on a major international stock exchange.
View ProfileMaputo, Mozambique