Investments in biofuel sector likely to reach US$400 million in 3 years

Investments in Peru's biofuel sector may reach US$400 million in 3 years, the President of the Special Committee on Biofuels of the National Society of Industries (SNI), Ari Loebl said.

"Nowadays, investments in biofuel sector total US$200 million, and there are some other 200 million to be executed within two to three years," he told Andina News Agency.

He highlighted some important investments that have already been announced and are already being executed by companies such as Sucroalcolera del Chira, CaƱa Brava, del Espino Industries, Biodiesel Peru Internacional, Maple Etanol, Pure Biofuels del Peru, Agroindustrias LS (Agrillsa) and Heaven Petroleum Operators.

Several millions have also been invested in the agro industry sector in order to plant sugar cane which can eventually be used to produce ethanol alcohol of sugar companies," he said.

Pure Biofuels Corporation, through its subsidiary Pure Biofuels del Peru, announced that they will invest US$250 million to expand the biodiesel production plant in Ventanilla (Callao) and the implementation of jatropa plant in northern Peru.

Heaven Petroleum Operators, owned by Peruvian group Herco Combustibles, has a processing plant and distributor of biodiesel in Lurin, which produces 120,000 gallons per day of biodiesel Heaven HB100.

Publication: Andina - English Newswire
Provider: Andina
September 20, 2009

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