Panama: $2 million for Cassava Ethanol Plant

The company Agro 2 has opened the first plant of its kind in Santiago, province of Veraguas.

Wednesday, September 7, 2011

With an initial investment of $2 million the processing plant producing cassava-based ethanol will begin operations next week, as indicated by representatives of Agro 2, which owns the plant.

An article in Prensa.com states: "The company also produces finished cassava (also known as ‘yuca’) products for local markets and for export."



More on this topic

Panama: $28 million Ethanol Plant

June 2014

An Environmental permit has been granted to Central Azucarero La Victoria to build and operate an ethanol production plant in the province of Veraguas.

Now there will be two providers in a market where there is a mandatory requirement to add 5% ethanol to fuels used by vehicles.

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.

$ 200 Million for Ethanol Production Plant

March 2011

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

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.

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.

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