Stratos Renewables is a low cost sugarcane ethanol producer that believes it will be able to produce the highest yields of sugarcane in the world on the northern coast of Peru. The large production will give it the advantage of being among the lowest cost producers on a global basis.
Peru ranks with the world’s largest producers of silver, copper, zinc, tin, gold and lead. In the recent years the Peruvian government has encouraged agriculture and tourism through legislative action. Peru’s economy is well managed as revenues are increasing while expenditures keep pace.
The country’s economy is one of the most explosive in Latin America, particularly in the last five years. Gross domestic product (GDP) has been growing steadily and gaining momentum. GDP grew by 5.2% in 2002, by 3.9% in 2003, by 5.2% in 2004, by 6.4% in 2005 and by 8% in 2006. As of December 31, 2006, the stock of foreign direct investment totaled around $15.4 billion. Canadian rating agency DBRS recently assigned an investment grade rating to Peru’s foreign debt and it is expected that U.S. rating agencies will follow in next year.
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