Infinity BioEnergy takes over Sugar Company of Jamaica; Brazilian group to increase ethanol production

July 1, 2008

In Jamaica. the Brazilian biofuels conglomerate Infinity BioEnergy announced that it will acquire the Sugar Company of Jamaica. The government of Jamaica, which has lost $283 million since purchasing the company in 1998, will retain a 25 percent stake. 13,000 workers will be laid off with the change in control. The company plants will be utilized for ethanol production.

Infinity Bio-Energy leases 31,000 hectares from Jamaica for $1.55 million to augment sugar production at five mills

In Brazil, Infinity Bio-Energy said that it will pay Jamaica $50 per hectare for 31,000 hectares, or $1.55 million per year in lease payments, for cane land adjacent to five sugar factories it purchas...

Jamaica moves up E10 mandate from April ‘09 to October ‘08 as Infinity commits capital to island for ethanol development

In Jamaica, Prime Minister Bruce Golding announced an E10 ethanol mandate that would take effect from next month, following an agreement with Infinity BioEnergy of Brazil to supply capital to the isla...

Jamaica Broilers nabs $1.8 billion in ethanol sales in 2nd half of 2007

In Jamaica, Jamaica Broilers Group achieved $1.8 billion in ethanol sales for the fourth quarter of 2007, up on prices increase from $1.75 per gallon to $2/.20 per gallons at its 60 Mgy ethanol proces...

Petrobras negotiating with Petrojam to use Jamaica as ethanol distribution hub

In Brazil, Petrobras is negotiating to use Petrojam's Kingston, Jamaica port to distribute ethanol to Latin America and the Caribbean. The project was the subject of discussions by Brazilian President...

Infinity Bio-Energy to acquire ethanol projects in Brazil for $192 million

Infinity Bio-Energy has acquired sugarcane ethanol facilities in Brazil that will generate 30 megawatts in power for $192 million.Â The deal to acquire the Brazilian assets of Disa will include acq...

Jamaica Broilers CEO optimistic about ethanol; says JB costs are lower than US; ethanol price drops related to East Coast distribution problems

Jamaica Broilers said that US ethanol prices are depressed because, as the US ethanol industry expanded distribution, "manufacturers in the US Midwest corn belt were forced to drop their prices in ord...

Written by Jim Lane · Filed Under International