Jamaica Broilers expects payback from ethanol distillery investment within 2 years as results surprise

In Jamaica, Caribbean Business Report concluded that Jamaica Broilers will receive payback on it ethanol distillery investment within two years after commencement of production, rather than the five years originally expected when the company embarked on its ethanol strategy.

The company reported a profit of $3.7 million on ethanol operations in its most recent quarter, and is on track to record $36 million in total profits by 2011 to recoup not only the original investment made in 2007, but an additional $16 million invested to double capacity made this year. The company said that, had ethanol stayed as high as $5 per gallon, the company would have received payback in as little as one year.

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