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Aristides Fernandez Z. File photo.
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Correct figure in headline ($300)

SANTO DOMINGO. – The recently incorporated company Bio E Group announced the construction, together with other foreign investors, of two distilleries at a cost of US$300 million, to produce from biomass 35 million gallons of ethanol and 30 megawatts of energy each per year.

The plants will be located in the townships Bayaguana, Monte Plata province (east) and Quisqueya, San Pedro province (east).

Bio E Group president Alfonso Fermín Balcácer said the two companies will generate an estimated RD$900 million per year in the zones where they’ll operate.

In the press conference, organized by the National Energy Commission (CNE), Balcácer said the projects will provide 12,000 direct jobs.

He said the international companies Tomsa Destil and Biotech will share owner ship in the distilleries, and which according to Balcácer have more than 100 years experience in ethanol production and 400 plants around the world.

For his part, CNE president Arístides Fernandez Zucco said although the Government promotes the projects, it will not participate in them.

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COMMENTS
2 comment(s)
Written by: josean, 7 Feb 2008 8:11 AM
From: United States
More pro reelection propaganda which will evaporate after May 16th.
Written by: dreadlocks, 8 Feb 2008 12:22 PM
From: United States
it is instructive to note that they did not specify what type of biomass. any source from which alcohol derivatives can be extracted is considered biomass, be it corn, sugar beet, maize, any of the woody grasses, metropolitan solid waste, etc, etc. we have heard at least 3 other companies are on their way here for the same purpose. i wonder where all four are going to procure a sufficient supply of any kind of biomass to create a viable economic scale of production at each plant. as i suspected, this seems to be more election hot air!
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