Asset rich..17 Oct 2014 16:58
everything is in place, they are even wired up to the Peruvian national electricity grid, for waste electricity..RSB certification compliant for the EU & an off-take agreement with MITSUI who supply the USA & europe..the Refinery at Pucallpa and Sales Plant has DAILY capacity to process either (i) 3,400 barrels of crude oil producing a Residual 5 fuel oil, (ii) 3,000 barrels of crude oil producing a Residual 6 fuel oil or (iii) 4,100 barrels of natural gasoline. The facility also maintains approximately 200,000 barrels of feedstock and refined storage capacity..these are the facts from the website, refineries are durable & designed to last 40 years..this one is 2 years old & has it's own waste to energy plant, this recycles all the 'sugar trash' into electricity by gasification (shows this on the 6 min video) so the plant has no electricity bill & all the surplus electricity is fed into the grid, providing another small income stream which is useful when they are busy..they have had a few bad harvests since 2012 which means the soil should be good & not exhausted plus they can extend the plantation, subject to govt approval, up to 13,000 hectares, at present they only have about 7,500 hectares..the positives have been outweighed by the debt & the depressed price of fuel grade ethanol just over $2 a gallon, without the debt the operation will become profitable..