Mexico's Tabasco state to have USD-62.3m ethanol plant
May 30, 2014 - Mexico's Tabasco state expects private investment of over MXN 800 million (USD 62.3m/EUR 45.7m) for the construction of a plant that will produce ethanol from sugar cane, Tabasco's ministry of agricultural development said Thursday.
The plant will require 6,000 ha (14,830 acres) of cane to produce 250,000 litres (66,040 gallons) of ethanol per day.
The project will create new opportunities for cane growers and will regulate the prices while reducing the environmental impact of fossil fuel, minister Pedro Jimenez said in a press release.
The investors have the approval of governor Arturo Nunez to start talks with cane growers.
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