uThungulu District Municipality seeks investments of R2-million in various of its local municpalities in essential oils cultivation projects
Project description and objectives
The intention of the project is to develop approximately 20 hectares of essential oils with the view to creating sustainable long-term employment. The business plan constructed by the municipality outlines the projcted profit/loss forecast for the first five years, and presents the project as a viable economic concern. The project also encourages skills transfer among farmers, provides direct and indirect employment for the communities and boosts economic activity in the region.
The municipality is looking for investors interested in rolling out an essential oils cultivation project in the following regions:
The municipality is also happy to consider proposals from investors interested in other regions not mentioned here. Contact Rocky Chetty on +27 35 799 2500 or email chettyr@uthungulu.co.za
Demand for essential oils
Essential oils are used in a range of products from food flavouring to industrial solvents. Botanical extracts are primarily used for pharmaceutical and medicinal purposes, while plant-derived chemical gums and polymers have more industrial uses.
Why is uThungulu ideal?
uThungulu’s diverse climate and unique flora provide opportunities for new crop development and agriculture diversification. Increasing consumer interest, and a wide and growing range of applications in commercial industries, has led to strong growth in world demand for these commodities. Consumer preferences in favour of natural over synthetic substances has had a strong impact on pharmaceutical and cosmetic industries, which has translated into a growing demand for essential oils and plant extraction.
For more information contact:
Anushka Makka
uThungulu District Municipality
Tel.: +27 35 799 2500
Email: anushka@uthungulu.co.za
