Pantaleón Sugar to Expand Production in Central America

The group asked for a $100 million credit from the IFC to expand its production of sugar, ethanol and electricity in Guatemala and Nicaragua.

Wednesday, February 25, 2009

El Periodico published on its website: "The funds will be allocated to expand sugar and electricity production from sugar cane pulp in Guatemala, expand its production of ethanol in Escuintla and build a new ethanol plant in Nicaragua. The application, which is still pending approval, was submitted to the IFC on December 22, 2008 and the directorate has been becoming familiar with it since last February 5th."

More on this topic

Nicaragua increases ethanol production from sugar cane

August 2008

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.

Nicaragua is joining the alternative energy boom driven by Brazil.
The President of the National Committee of Sugar Producers (CNPA) indicated that "this year we calculate that production will surpass 450,000 liters daily and between 2008 and 2009 we believe that we will be producing one million liters per day."

IFC Approves $100 Million for Pantaleón Sugar

March 2009

Pantaleón Sugar Holdings will receive $100 million to expand sugar and ethanol production in Guatemala and Nicaragua.

According to the report in El Periódico of Guatemala, the loan was approved by the board of the International Finance Corporation (IFC), and "the approval was last February 26 and it was passed by the board of the corporation and is pending a signature.

Panama to Use Biofuel from 2013

May 2012

The Biofuels Act provides that from April 2013 2% anhydrous ethanol will be incorporated into vehicle fuel.

By 2014 that percentage will increase to reach 5%. The progress in increasing the presence of ethanol in the fuel used by motorists will continue, reaching 7% in 2015, and 10% in 2016.

Guatemalan Sugar Producers Export Biofuels

May 2009

In 2008, 265 million liters of ethanol and alcohol manufactured from sugar cane were exported to Europe and the United States.

Biofuel production generates additional income for sugar producers in Guatemala, which could be a palliative in the face of the economic crisis, according to comments from Fraterno Vila, president of the Sugar Association of Guatemala (ASAZGUA), in an article in Sigloxxi.com.

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