DR to get ethanol assistance

[NewsWhore]

The Dominican Republic, along with Haiti, St. Kitts & Nevis, and El Salvador will benefit from a pilot ethanol production project sponsored by the United States and Brazil. This technological assistance program comes as a result of Brazilian President Lula da Silva's meeting with US President George W. Bush last month. Since the two giant countries produce 76% of the world's ethanol, the transfer of this technological know-how will increase productivity in the countries that benefit from this start-up program. The Inter-American Development Bank (IDB) announced a "green energy" program that will include investments of US$300 million in technical assistance for the production of ethanol from sugar cane. According to IDB head Luis Alberto Moreno, such investments will alleviate poverty in these countries by reducing petroleum dependency.

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