Maple Energy seals first ethanol export sale

Peru-based energy company Maple Energy has completed its first ethanol transaction with global investment and trading business Mitsui Group.

Maple’s first export sale of fuel-grade ethanol was for approximately 1.56 million gallons, which Mitsui will then pass on to one of its European customers.

‘We are delighted with our first export sale of ethanol to the international market,’ says Maple CEO Rex Canon. ‘This event marks another key milestone for us as part of an initiative to develop the largest ethanol business in Peru, with the goal of also being a globally competitive ethanol producer.’

Maple’s 37MW power plant, which fully opened earlier this year, currently generates both electricity and ethanol and expects to begin selling excess electricity production to the national grid before the end of August.