$ 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.
Caribbean Bio Energy and the National Port Company agreed to the installation of an ethanol plant in the port of Castilla.
From April 1st 2014, 91 and 95 octane gasolines must contain 5% ethanol.
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 upcoming visit by President Lula will be the stage for discussing Brazil’s cooperation in boosting Ethanol production in the country.
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