The sugar mill union could be investing $160 million in energy generation projects that use ethanol and in the construction of a biomass-based power plant.
Without giving further details, members of the sugar trade union reported that they are planning to build a biomasspower generation plant in the short term, which could be the most modern one in Central America.
In October 2017 production limits and the "out of -quota" production concept will eliminate for the manufacture of biofuel and industrial non-food products.
The current production quota for sugar according to the European Common Agricultural Policy (CAP), which applies to the 28 countries in the bloc, is 13.5 million tons per year.The production capacity of sugar producers in the European bloc is higher than the quota, therefore eliminating production limits will lead to a lowering of prices due to excess supply, similar to what has already happened in the milk market following the elimination of production quotas.
Price of gallon of regular gasoline: Panama $2.61, Guatemala $2.58, El Salvador $2.65, Honduras $3.20, Nicaragua $3.28, and Costa Rica, $3.93.
From a statement issued by the Ministry of Economy of El Salvador:
Variations in international prices of refined products (gasoline and diesel) over the last few weeks have influenced prices in Central America, allowing El Salvador to be located in second position in terms of the lowest prices of gasoline and diesel Central America.
In the last week the price of a metric ton of palm oil went from $560 to $710, due to increased demand for the product to be used as biofuel and the fall in production in Asia.
The rise in biofuels and the fall in production of palm oil in Asia, the world's leading supplier, has benefited the price of oil derived from these plantations worldwide, rising from $560 to $710 in the last week of March. The reference data comes from the Rotterdam Stock Exchange, provided to Latribuna.hn by Hector Castro, leader of palm producers in Honduras.
SMEs in developing countries could generate significant growth and jobs if they take advantage of market opportunities that offer clean technologies, which reach up to $1.6 trillion.
The recently passed amendment to the law defines as a priority the use and import of raw materials for the production of biofuels and provides a new price for electricity generated from forest biomass.
With the new law on biofuels in Honduras plans are to invest in technology in order to make better use of bagasse and triple the annual capacity for power generation.
The sugar sector currently generates 140 MW of energy a year, of which it sells 100 MW to the national electric power company at seven cents per kilowatt, and the rest is used for internal consumption by the enterprises themselves.
A new biofuelslaw pending publication includes price incentives and blending gasoline with 5% ethanol.
In addition to price parity with traditional gasoline, the amendment to the Law for Biofuel Production and Consumption includes other incentives related to the availability of specific land for cultivation of oil palm and sugarcane.
Through its petroleum division Uno Costa Rica Terra Group bought seven service stations from the Costa Rican Grupo Colono.
Uno Costa Rica, the petroleum division of the Honduran Terra Group, has purchased seven services stations operated by the Costa Rican group Colono in Limon and Alajuela. The amount of the transaction has not been revealed.
Price of a gallon of Super gasoline : Costa Rica $5.55, Nicaragua $5.15, Honduras $4.75, $4.46 Guatemala, El Salvador $4.35 and Panama $4.24.
A report has been released detailing the average consumer prices for Gasoline and Diesel in Central America, in force in the week 14th to 20th July 2013, based on official prices and monitoring or surveys carried out by the various DGs of Hydrocarbons or equivalent in the capitals of each Central American country.
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...
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