Ansa McAl and Guyana gov't sign ethanol deal
Written by Demerara Waves
Thursday, 23 February 2012 09:16
Source
(TRINIDAD GUARDIAN) Guyana-based ANSA McAL Trading Ltd has signed a memorandum of understanding (MoU) with the Guyana government for the establishment of an ethanol production project. The MoU was signed by Anthony N Sabga III, business development executive, ANSA McAL Group, Dr Roger Luncheon, head of the presidential secretariat and Desmond Mohamed, chief executive officer (former), Guyana Office for Investment.
It was witnessed by Robert M Persaud, former Minister of Agriculture, Aneal Maharaj, Group finance director, ANSA McAL and Beverley Harper, managing director ANSA McAL Trading Guyana. The agreement was signed on September 30, 2011. In a statement, ANSA McAL said that both parties were currently conducting an in-depth feasibility study, which includes infrastructure and development works; plant and equipment and rolling stock.
This ethanol plant is projected to have a capacity to process up to 2,000,000 tons of sugarcane per year and produce up to 40 million gallons (nameplate capacity) of ethanol per year. This agro-energy industrial project will be built on 110,000 hectares of virgin land, according to the statement.
As a strategy for economic development, the Guyana government has adopted a policy to foster the development of economic activities in the country in an efficient, environmentally safe and sustainable manner.
“As a result, the government of Guyana and a subsidiary of the ANSA McAL Group, a regional conglomerate, have agreed to partner to establish a world-scale biofuel project. “The proposed ethanol project will be well positioned to successfully become a low-cost, globally competitive provider of ethanol to international and regional markets,” read the statement.
The statement said it is expected that through the synergies between the Guyana government and ANSA McAL the people of Guyana will benefit through:
• Generation of entrepreneurial service industries, resultant employment and wealth creation for nationals of Guyana
• Opportunity for Guyana to become the regional leader in the development of regional policies, standards and frameworks for utilisation of alternative fuels, with the potential of reducing the region’s dependence on fossil fuels.
Written by Demerara Waves
Thursday, 23 February 2012 09:16
Source
(TRINIDAD GUARDIAN) Guyana-based ANSA McAL Trading Ltd has signed a memorandum of understanding (MoU) with the Guyana government for the establishment of an ethanol production project. The MoU was signed by Anthony N Sabga III, business development executive, ANSA McAL Group, Dr Roger Luncheon, head of the presidential secretariat and Desmond Mohamed, chief executive officer (former), Guyana Office for Investment. It was witnessed by Robert M Persaud, former Minister of Agriculture, Aneal Maharaj, Group finance director, ANSA McAL and Beverley Harper, managing director ANSA McAL Trading Guyana. The agreement was signed on September 30, 2011. In a statement, ANSA McAL said that both parties were currently conducting an in-depth feasibility study, which includes infrastructure and development works; plant and equipment and rolling stock.
This ethanol plant is projected to have a capacity to process up to 2,000,000 tons of sugarcane per year and produce up to 40 million gallons (nameplate capacity) of ethanol per year. This agro-energy industrial project will be built on 110,000 hectares of virgin land, according to the statement.
As a strategy for economic development, the Guyana government has adopted a policy to foster the development of economic activities in the country in an efficient, environmentally safe and sustainable manner.
“As a result, the government of Guyana and a subsidiary of the ANSA McAL Group, a regional conglomerate, have agreed to partner to establish a world-scale biofuel project. “The proposed ethanol project will be well positioned to successfully become a low-cost, globally competitive provider of ethanol to international and regional markets,” read the statement.
The statement said it is expected that through the synergies between the Guyana government and ANSA McAL the people of Guyana will benefit through:
• Generation of entrepreneurial service industries, resultant employment and wealth creation for nationals of Guyana
• Opportunity for Guyana to become the regional leader in the development of regional policies, standards and frameworks for utilisation of alternative fuels, with the potential of reducing the region’s dependence on fossil fuels.
