According to the President of the Peruvian Association of Sugar and Biofuel Producers, Mr. Pablo Bustamate, $2 billion dollars could be invested in the production of ethanol in Peru next year.
He stated, “The sugar industry will meet the country’s demand by next year and therefore, thanks to ethanol, it is expected to double, triple or increase five times the size of this powerful industry, especially in the northern provinces in terms of social impact.”
He also said that there is strong demand for the advantageous alternative energy in the international market. In an effort to encourage production, Mr. Bustamate has requested to include ethanol in the Agrarian Promotion Law which will give it the same advantages as sugar production.
Mr. Bustamate believes that the ethanol industry can help promote new agrarian exports totaling up to $1 billion per year. The monetary support of $2 billion would be extremely beneficial to companies such as Stratos Renewables.
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