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Pure Biofuels completes expansion at 10 Mgy biodiesel plant in Peru

May 28, 2008

In Peru, Pure Biofuels said that it had completed expansion construction at its 10 Mgy InterPacific Oil biodiesel plant, and the company expects to commence operations at the expanded 10 Mgy capacity by July.

Peruvian president Alan Garcia recently said that Peru is a victim of the ethanol industry, which he said increased food prices. “It’s creating very serious problems for countries that have to import these products. We believe there are alternative energies that do not put the world’s food in danger,” said Garcia. Meanwhile, his government gave the green light to a Maple Energy ethanol project in the Peru.

Maple Energy said it intends to raise $20 million through a private placement to finance ethanol development and oil exploration projects in Peru. Proceeds from the financing, the company said, would be used to acquire an additional 3.1 percent of Aguaytia Energy and finance its proposed ethanol plant.

Peru has been a test site for the U.N. Food and Agriculture Organization’s decision-support tool to assist countries in planning their entry into biofuels production. The analytical framework allows government to assess biomass potential; biomass production costs; the economic bioenergy potential; macro-economic consequences; national and household-level impact and consequences on food security. The tool will be tested in Peru, Thailand and Tanzania – before it is is made available to the international community at large.

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    Written by Jim Lane · Filed Under International 

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