Maple steps up Peruvian ethanol project
Filed from Singapore 6/26/2008 2:37:05 PM GMT
LONDON: UK-listed Maple Energy plc sealed two contracts with Praj Industries Ltd. and Siemens to secure the supply of key equipment for its ethanol project in the Piura Region on the northwest coast of Peru.
Praj will supply Maple US$10 million worth of equipment from the first half of 2009. The fermentation, distillation, and dehydration equipment will be capable of producing 400,000 litres (105,600 gallons) of ethanol a day.
Siemens will supply Maple the power generation equipment required for the ethanol project. Maple will pay about US$8 million for the fabrication and supply of a steam turbine, generator, and related equipment which is expected to produce 37 MW of electricity. Deliveries are scheduled from the second half of 2009.
Meanwhile, Maple has also cleared about 700 hectares (1,230 acres) of its 10,676-hectare (26,381-acre) estate in Peru. The UK company expects to clear the balance of the land by mid 2009. About 8,000 hectares (19,768 acres) of the land cleared will be used to grow sugar cane and for other business activities related to the ethanol project.
Maple has also started the development of a secondary seed cane farm which is located on the main estate and will be planted primarily with seed cane produced at Maple's La Huaca seed cane farm. About 300 hectares (741 acres) will be planted with sugar cane on this secondary farm in order to produce additional seed cane for the development of Maple's commercial operation on its main estate.
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