$ 200 Million for Ethanol Production Plant

Ecuadoran Nobis Consortium, announced plans to invest $ 200 million to produce ethanol in Costa Rica and Peru.

Wednesday, March 2, 2011

The company, based in Guayaquil, said it would seek to exploit the free trade agreements signed between these countries and the United States.

The final decision would be made in June.

More on this topic

Honduras: $ 1.8 Million Investment in Ethanol Plant

November 2010

Caribbean Bio Energy and the National Port Company agreed to the installation of an ethanol plant in the port of Castilla.

During the first year of operation, the raw material (sugarcane) will be brought from Brazil.

The plant will have a production capacity of one million gallons of ethanol annually, of which 35% will be sold in the country.

Mandatory Use of Ethanol in Gasoline in Panama

March 2014

From April 1st 2014, 91 and 95 octane gasolines must contain 5% ethanol.

Law 42 establishes that the percentage of ethanol in gasoline will gradually increase, reaching 10% in 2016.

An article in Prensa.com reports that "This is a high caliber business. Last year 244.1 million gallons of gasoline was sold nationwide, according to statistics from the National Energy Secretariat.

Panama: Ethanol Producer Closes Operations

November 2014

Campos de Pesé has indefinitely suspended the production and marketing of ethanol because the price set by the government for the biofuel does not even cover the cost of acquiring sugar cane.

The 40% decrease in the ethanol price established by the government last August affected the cost structure of the company, which in a statement sent to the media said that the decision taken by the government "...

Ethanol Production in El Salvador

February 2010

The upcoming visit by President Lula will be the stage for discussing Brazil’s cooperation in boosting Ethanol production in the country.

When oil prices where above $100, Brazil and the United States signed an “Understanding Memorandum” to boost bio-fuel production. In it, they identified El Salvador as the beneficiary of three-way cooperation, as it has adequate conditions for developing an ethanol industry.

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