Aceitera Real has started operating a plant generating energy from waste in order to supply themselves and sell the surplus to the national grid.
The company also opened a fractionation palm oil plant, also in Chinandega.The renewable energy generation plant has the capacity to generate 7.5 kwh, of which the company will consume 6.4 KwH, explained the CEO of the company, Horacio Rappacciolli, to Elnuevodiario.com.ni.
In 2013 49 million kilos of oil and fats were sold abroad generating $78 million.
The oil industry in Nicaragua consists of the companies Agroindustrial de Oleaginosas, Agrosa, E. Chamorro Industrial, S.A., Aceitera Corona and Aceitera El Real, and the four between them currently have 13,000 and 14,000 hectares under production.
"The country has five crops that produce oleaginous plant material: palm oil, soy, sesame, peanuts and cotton, of which the one being promoted the most is palm, which is concentrated mainly in the South Atlantic Autonomous Region (RAAS by its initials in Spanish) ... there are clearly defined niche markets in Europe and the United States which together with the comparative advantages of the country make palm oil one of its star products," explained Caldera to Elnuevodiario.com.ni .