Broilers inks wet ethanol deal with Bauche Energy

by 5m Editor
20 December 2006, at 8:53am

BRAZIL - Robert Levy, presi-dent and CEO of the Jamaica Broilers Group (JBG), has inked a deal with Switzerland-based Bauche Energy guaranteeing a source of wet ethanol for his planned $1.1 billion (US$17 million) dehy-dration plant, but the company remains on the hunt for supply markets.

On Monday, Broilers' senior vice-president of finance and planning, Ian Parsard, said supplies under the agreement would flow from Brazil - Bauche has a wholly-owned subsidiary in Sao Paulo - but he also told Wednesday Business that the company was exploring other options.

"All supplies are contemplated to originate from Brazil," said Parsard in emailed responses to queries about the Bauche agreement signed December 12 with the energy company's managing director Phillip Robinson.

"However, other sources - including China and India - are also being explored."

Bauche is to supply all 50 million gallons, Parsard said, but the firm will be tapping various suppliers to meet its commitment to Broilers.

Bauche's website describes Bauche Energy Brasil as being "very much involved in the development of new programmes in the bio-fuel sector through joint-ventures, finance and long- term investment," but Parsard said the agribusiness company would be taking no stake in the Broilers ethanol plant.

Source: Jamica Gleaner

5m Editor