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 "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."

More on this topic

Illegal Alcohol in El Salvador

May 2015

The value of illegal sales of about 32,000 hectoliters of pure alcohol in the country each year is estimated at $54 million.

Growth in the volume traded on the illicit market has been increasing, with the exception of the period between 2012 and 2013, when it went down by 3.7% due to "... greater government control on ethanol, specifically in control of pharmacy alcohol and counterfeit or adulterated alcohol. "

Prent to Open Factory in Costa Rica

June 2012

The multinational will set up a center in Heredia to supply local medical device manufacturers.

Prent Corporation, a global manufacturer of thermoformed plastic packaging for the medical equipment industry, will open a factory in Heredia, Costa Rica, the seventh such center in the world, to supply local medical device manufacturers.

Honduras: $10 Million Taiwanese Investments

April 2011

With $10 million worth of initial capital, a company will be set up to manufacture sports equipment.

A Taiwanese backed international sporting equipment company will begin operations in Honduras in the coming days with an initial investment of $10 million and creating 200 direct jobs, according to Romeo Silvestri, head of the Committee for Special Development Regions of the country's congress.

$75 million for alcohol factory in Guatemala

December 2008

The Alcohol and Rum Distillery (DARSA) increased its production capacity with the purchase and acquisition of the Tulula Factory, in Retalhuleu.

Erick Aragon, general manager of the company, commented during the inauguration that the investment will allow the plant to increase its production from 40 to 90 million liters per year, for the various types of alcohol.

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