Maple Energy secures debt for ethanol plant
An ethanol project in Peru has received $25 million (€17.3 million) from the Inter-American Development Bank.
Maple Energy’s $245 million ethanol plant, sugar plantation and electricity power generation facility will have a capacity of 35 million gallons a year.
The company expects to achieve a 53% increase in sugarcane yield, compared to global averages on its 34,500 acre plantation.
The facility will also produce 37 MW in power that will provide all the projects electricity needs, and will also sell power to the Peruvian grid.
The project has attracted further funding from Andean Development Corporation ($65 million), the Entrepreneurial Development Bank of the Netherlands ($25 million), and Interbank will provide $25 million.
Maple Energy’s $245 million ethanol plant, sugar plantation and electricity power generation facility will have a capacity of 35 million gallons a year.
The company expects to achieve a 53% increase in sugarcane yield, compared to global averages on its 34,500 acre plantation.
The facility will also produce 37 MW in power that will provide all the projects electricity needs, and will also sell power to the Peruvian grid.
The project has attracted further funding from Andean Development Corporation ($65 million), the Entrepreneurial Development Bank of the Netherlands ($25 million), and Interbank will provide $25 million.
Loading ...
