Costa Rica: Call for Monopoly on Biofuels

Palm producers claim to have sufficient inventory and are asking for exclusivity in the supply of raw material for the production of biofuels.

Friday, March 27, 2015

Industry representatives argue that they currently have a surplus of 130,000 tons of oil being exported in order to generate biofuel in other countries. The proposal submitted by the producers to lawmakers in the Special Standing Committee on the Environment aims to "... contribute to security, energy efficiency, climate change mitigation, environmental conservation and the revitalization of the agricultural sector."

Enrique Ramirez, representative of the cooperative sector, told Elmundo.cr that "... If the program is not attractive for domestic producers it will only be worth importing alcohol and oil from other countries, and does not meet one of the objectives of the law which is to promote agriculture. "

"... The problems faced are related to the costs of palm production in the country as they are very high compared to other countries. Added to this is the abandonment faced by local governments in terms of maintenance of cantonal roads. "

Do you need more information about your business sector?

Request more information:








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Honduras: Law for the Palm Sector

September 2019

A bill is being discussed in Congress to facilitate financing for producers and to support them in certifying the quality of their plantations.

Because of the complex scenario faced by African palm producers because of low international prices, the Hernandez administration presented to Congress the bill "Law for the Strengthening of the Productive Sector of Oil Palm."

Costa Rica: Plan to Produce Biofuel

July 2016

A cooperative and a private company are negotiating a $500 million finance deal to cultivate 120 hectares of coyol and install five oil processing plants to produce biofuel.

The plan was devised by the cooperative Coopeciagro RL, and according to its CEO, Luis Fernando Escalante, they already have identified 60,000 hectares in the north and another 60 thousand in Guanacaste. "... The plan requires an estimated $500 million in financing, which will be raised from European pension and investment funds and the signing of which only depends on an initial guarantee $600,000, according those promoting the project."

Malaysian Investments in Honduran Palm

March 2013

The sustained growth of oil palm crops has caused demand for more industrialization plants, that will be financed with a loan of $100 million from the Malaysian government.

According to Hector Castro, president of the National Federation of Honduran Palm Producers (Fenapalma) a meeting was recently held with representatives of the Government and executives from Banco Hondureño para la Producción y Vivienda (Banhprovi), in order to promote and encourage the development of this industry.

Biofuel Does Not Work

July 2012

Six years after having started the program to incorporate it into the energy matrix, the percentage of ethanol in gasoline has fallen by 4.6% in 2006 to 1.4 in 2011.

One of the main problems faced by the Costa Rican Oil Refinery (RECOPE) for the successful implementation of the National Biofuels Program, is that they do not have a local supplier of ethanol.

 close (x)

Receive more news about Agriculture

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Heavy Equipment: Reps Wanted

Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico.
The company manufactures and sells telescopic,...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Nov 27)
Brent Crude Oil
48.300
Coffee "C"
124.25
Gold
1,787
Silver
22.68