Panama: Investment in Methyl Alcohol

The Spanish company Lysply SA has announced the construction of a factory in Parita which will produce methyl alcohol based on solar energy.

Wednesday, August 10, 2011

The production plant will be built in an area of 50 hectares in the area of Los Grullos, district of Parita.

According to an article in Prensa.com: "The technology they will use is based on the concentration of solar energy collected by solar trackers which transfer the radiation energy into water vapor.

The project coordinator and consultant, Ricardo Castillo Yángüez said the site in Parita, called Arco Seco (Dry Arch) was chosen because it is where the sun's rays are strongest. The project is six kilometers from Sarigua National Park and approximately seven kilometres from the town.

Ramon Saavedra, representative of the Parita township said he was concerned because it is not known whether the project will pay municipal tax, seeing as Parita is a subsidized municipality and what it currently needs is the influx of new revenue."



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