According to Stratos Renewables Corp. (OTCBB: SRNW), U.S. energy policies will create a market for up to seven billion gallons of renewable fuel by 2012. In the upcoming years, many countries including Brazil, Peru and Canada will mandate that gasoline contain a certain percentage of ethanol.
Blending mandates are enforced as part of the global effort to produce cleaner burning fuels while creating new agricultural markets. Focused on becoming a leader in Latin America’s growing renewable energy market, Stratos operates the Estrella del Norte sugar cane production facility in Peru.
In three strategic steps, Stratos intends on leaving its footprint in the renewable energy market. Stratos has already commenced stage one, in which it will acquire land for the development of sugarcane plantations, complete facility expansion and acquire existing sugarcane plantations.
Step two includes plans for a long-term lease agreement for an additional 20,000 hectares of coastal land for additional plantations, sugar mills, distilleries and infrastructure, expected to boost sugarcane ethanol production to 80 MMgy of capacity.
After the execution of the first two stages, Stratos anticipates the acquisition of about 25,000 hectors of coastal land green-field land for sugarcane cultivation and planting, as well as existing plantations and mills. This phase will bring sugarcane ethanol production to 150 MMgy of capacity.
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