Nicaragua Sugar Estates to Export $56 Million in Ethanol
The company predicts that it will export 80 million liters of ethanol to Europe in 2009 which will generate $56 million in income.
Thursday, March 12, 2009
Nicaragua Sugar Estates Limited, which is owned by the Pellas Group, owns Ingenio San José, through which it produced and exported 20 million liters of ethanol in 2007, 50 million in 2008, and it plans to reach 80 million this year.
In 2008, 265 million liters of ethanol and alcohol manufactured from sugar cane were exported to Europe and the United States.
Pantaleón Sugar Mill will invest $50 million to increase its sugar production and $43 million to enlarge its ethanol manufacturing facility.
Daily production will surpass one million liters per day sometime between this year and the next, according to estimates from the Industrial Chamber of Nicaragua.
Sugar sales were $55.6 million in February 2012, $34 million more than in February last year, meanwhile producers claim that there is a large interest in purchases by Russian factories.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar