Jamaica Broilers sells ethanol dehydration plant to West Indies Petroleum

June 30, 2016 |

In Jamaica, a ship bunkering company based in Kingston, West Indies Petroleum has agreed to buy JB Group’s terminal at Port Esquivel including a 120 million-gallon ethanol plant along with share in a St. Lucia-based services company that is the holding company for the ethanol business for $4 million, along with $18.5 million in debt and liabilities owed to JB Group. The ethanol dehydration plant had been idle for two years following a shift in US policy that no longer made it viable to ship dehydrated ethanol of Brazilian origin from the Caribbean to the US. Instead the terminal’s value lies in acting as a bulk fuel terminal.

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Category: Producer News

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