25 July 2012 00:18 [Source: ICIS news]
MEDELLIN, Colombia (ICIS)--Peru's Maple Energy expects to begin exporting ethanol from its new plant in August, the company said on Tuesday.
Maple said the plant in northern Peru began producing sugarcane-based ethanol earlier this year.
Storage, loading and shipping facilities near the port of Paita are also complete and Maple expects to export its first shipment of ethanol in August, the company said.
“Maple believes its ethanol project is well positioned to be a low-cost, globally-competitive provider of ethanol to international and local Peruvian markets,” said the company.
The plant, located in the Piura Region on the north coast of Peru, has a capacity to process up to 5,000 tonnes of sugarcane per day and produce up to 35m gal/year of ethanol, the company said.
According to the company’s website, the plant’s strategic location has a highly favourable climate and is projected to generate attractive sugarcane yields.
Through international trade agreements, Peru is able to sell ethanol duty-free to both the EU and the US, the company said.
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