Colombian government, USAID and IMO invest $342 million in sugarcane ethanol; three new plants with 29 Mgy capacity planned

In Colombia, the government announced that it will invest US$342 million in three new sugarcane ethanol plants in partnership with USAID and the International Organization for Migration (IMO).

Controlsud International will provide loans to develop the 150,000 acres of sugar cane production.
The Etanol Caribe Colombiano project will be located in the Bolivar, Cordoba and Sucre regions, and will be operational by the end of 2010.. Total production capacity is 96 Mgy; the ethanol will be sold in Colombia as well as exported.

Colombia has an E10 mandate in place.

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