ANSA McAL pulls out of ethanol plans in Guyana

In Guyana, ANSA McAL has confirmed that it has indefinitely suspended its plans to invest in an ethanol project because it hasn’t been able to secure the land it needs. The company had denied rumors in April that the plan had been scrapped, saying instead that it was investigating a second proposed site after the first area it looked at wasn’t up to snuff. The project aims to produce 2 million metric tons of sugarcane for 40 million gallons of ethanol and 175,000 tons of sugar.