NewsWhore
05-25-2007, 03:40 PM
Alcor Dominicana, part of the Belgian group Alcofinance, is preparing to invest US$150 million in an ethanol and energy producing plant in Monte Plata. Project director Gregorie Hermans said that construction will begin in March 2009 and the plant will eventually employ 6,000 people. Hermans also explained that the company is in the process of planting between 80 and 100 thousand acres of sugar cane, which will be used for making the fuel. Hermans said that the company has made the proper requests for machinery, and stated that the sugar cane extracting machine that will be used is among the most modern, extracting 97% of the sugar cane juice. The director said that Belgian companies have already guaranteed 70% of the money for the project. He explained that the plant would produce 25 million gallons of ethanol and 30 MW of energy. The fuel that is produced will be sold on the local as well as the European and American markets.
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