US$20 million Panama plant to make alternative fuel

US$20 million is being invested in Panama in a plant to make M4, an ethanol-based fuel that aims to be an alternative to gasoline.

Monday, May 26, 2008

The company behind the project, M4 Combustibles, says the fuel is 90 percent ehtanol; the rest is gasoline and a company formula.
Porfirio Ellis, managing director of M4 Combustibles, said technicians would soon be coming to Panama from CVI, a Chicago-based company that will build tanks to store Brazilian ethanol that will form the basis of the fuel.

More on this topic

Panama: Shortage of Ethanol to Mix with Gasoline

August 2014

The country's ethanol producer has stopped supplying the additive to fuel distribution companies.

Extract from resolution 2188 issued by the National Secretariat of Energy and published in the official newspaper of Panama, La Gaceta:

"...Considering:

....that the company Campos de Pesé SA, the only company producing anhydrous ethanol used for blending with gasoline, has suspended sales of this product to importing companies - distributors of fuels, which creates a situation of shortage of anhydrous ethanol for blending with gasoline.

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.

Concessions for Oil and Gas Explorations in Panama

August 2013

President Ricardo Martinelli has announced that concessions for prospecting and exploring oil and natural gas will be awarded before the end of year.

Laestrella.com.pa reports that "The President addressed the issue when speaking about the interest that his administration has in getting more companies interested in investing in the production of sugar and ethanol in Panama."

Ethnergy Interested in Panamanian Ethanol Plant

September 2009

The company presented the Industry Ministry a project for building an ethanol plant.

Dubbed "Panama Ethanol Project", the project by Ethnergy International Inc intends to explore and develop an ethanol-based biofuel production facility in the country.

Peter G. Smith, company spokesperson, remarked the importance of ethanol "as an alternative to replace hydrocarbon products derived from petroleum", reports newspaper Pa-digital.com.pa.

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