Gov. Cesar Trellas of the Peruvian region, also known as Piura, stated in an interview that northwest Peru would someday produce 400 million gallons of ethanol a year. This is huge as it represents 7% of all the ethanol Americans purchased last year.
Part of President Bush’s plan to reduce dependence on imported oil is increasing the use of alternative fuels such as ethanol. Peru could be the perfect source of the alternative fuel ethanol as it continues to grow favorable conditions and trade preferences with the United States.
The President of Maple Cos. stated, “Peru is one of the best places in the world to grow sugar cane in terms of how many tons you can produce per acre per year.” This fits in perfectly with Stratos Renewables’ strategy as the Company is committed to becoming a leader in Latin America’s rapidly emerging sugarcane ethanol industry.
The demand for ethanol is expected to rise as oil prices remain relatively high and consumer attitudes continue to stay green. Of all of the U.S. auto fuel sales, Ethanol accounted for 3%. In Brazil, the most advanced country in the use of green fuels, 50% of auto fuel sales were Ethanol.
Peru’s growing conditions, its low labor costs, and duty-free status of ethanol – as terms of the Andean Trade Promotion and Drug Eradication Act – are anticipated to give Stratos exceptional advantages to ethanol companies located in other countries.
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