Jamaica Broilers doubles ethanol plant
Jamaica Broilers will expand its ethanol business, and will pump US$15 mln into expanding the plant at Port Esquivel.
This project will result in capacity doubling from 60 mln gallons of wet ethanol to 120 mln gallons of fuel grade ethanol.
The company stated that the project was under consideration after snagging $86 mln of ethanol sales in 10 months on a better than expected 45 mln gallons shipped to the US.
The company’s poultry business remains its dominant operation. However, sales of $114 mln last year to 3 May, 2008, maintained only a slight edge over ethanol, whose revenues, when annualised, came in at $103 mln.
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