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FM
Former Member
Ansa McAl and Guyana gov't sign ethanol deal

Written by Demerara Waves
Thursday, 23 February 2012 09:16
Source

(TRINIDAD GUARDIAN) Guyana-based ANSA McAL Trading Ltd has signed a memorandum of understanding (MoU) with the Guyana government for the establishment of an ethanol production project. The MoU was signed by Anthony N Sabga III, business development executive, ANSA McAL Group, Dr Roger Luncheon, head of the presidential secretariat and Desmond Mohamed, chief executive officer (former), Guyana Office for Investment.

It was witnessed by Robert M Persaud, former Minister of Agriculture, Aneal Maharaj, Group finance director, ANSA McAL and Beverley Harper, managing director ANSA McAL Trading Guyana. The agreement was signed on September 30, 2011. In a statement, ANSA McAL said that both parties were currently conducting an in-depth feasibility study, which includes infrastructure and development works; plant and equipment and rolling stock.


This ethanol plant is projected to have a capacity to process up to 2,000,000 tons of sugarcane per year and produce up to 40 million gallons (nameplate capacity) of ethanol per year. This agro-energy industrial project will be built on 110,000 hectares of virgin land, according to the statement.

As a strategy for economic development, the Guyana government has adopted a policy to foster the development of economic activities in the country in an efficient, environmentally safe and sustainable manner.


“As a result, the government of Guyana and a subsidiary of the ANSA McAL Group, a regional conglomerate, have agreed to partner to establish a world-scale biofuel project. “The proposed ethanol project will be well positioned to successfully become a low-cost, globally competitive provider of ethanol to international and regional markets,” read the statement.

The statement said it is expected that through the synergies between the Guyana government and ANSA McAL the people of Guyana will benefit through:
• Generation of entrepreneurial service industries, resultant employment and wealth creation for nationals of Guyana
• Opportunity for Guyana to become the regional leader in the development of regional policies, standards and frameworks for utilisation of alternative fuels, with the potential of reducing the region’s dependence on fossil fuels.

Replies sorted oldest to newest

The government must ensure that ANSA McAL does not gain a majority stake in Guyana Sugar Corporation, Banks DIH and DDL. These companies must remain Guyanese owned and controlled.
FM
quote:
Originally posted by Wally:
The government must ensure that ANSA McAL does not gain a majority stake in Guyana Sugar Corporation, Banks DIH and DDL. These companies must remain Guyanese owned and controlled.
banks DIH and DDL should always be guyanese.but guysuco i am not sure,if the trinidad co can give the cane cutters a better way of life why must i support the guyana government to hold on to it.
FM
quote:
Originally posted by Wally:
The government must ensure that ANSA McAL does not gain a majority stake in Guyana Sugar Corporation, Banks DIH and DDL. These companies must remain Guyanese owned and controlled.


We don't want communism...
FM
quote:
Originally posted by Ramakant_p:
quote:
Originally posted by Wally:
The government must ensure that ANSA McAL does not gain a majority stake in Guyana Sugar Corporation, Banks DIH and DDL. These companies must remain Guyanese owned and controlled.


We don't want communism...
which part of the world you living in.what the hell do you think you have in guyana
FM
quote:
Originally posted by Ramakant_p:
quote:
Originally posted by Wally:
The government must ensure that ANSA McAL does not gain a majority stake in Guyana Sugar Corporation, Banks DIH and DDL. These companies must remain Guyanese owned and controlled.


We don't want communism...




We don't want capitalist layoff also.
FM
quote:
Originally posted by warrior:
banks DIH and DDL should always be guyanese.but guysuco i am not sure,if the trinidad co can give the cane cutters a better way of life why must i support the guyana government to hold on to it.


Are you serious? If a private company takes over, the first action would be to get rid of all cane cutters and mechanize the operations. Private enterprise's bottom line is profit, they don't care about providing livelihood for people.
FM
Why a project of such imporance and magnitude is done in secret?

Why do the citizens have to learn of it from a foreign News paper and not the PPP/C government? Where is the respect and diginity for the people? What happened to demaocracy?


Where is the enviromental studies?

When a project of this magnitude and benefits is secretly done, it smells of corruption.
Mitwah
quote:
This ethanol plant is projected to have a capacity to process up to 2,000,000 tons of sugarcane per year and produce up to 40 million gallons (nameplate capacity) of ethanol per year. This agro-energy industrial project will be built on 110,000 hectares of virgin land, according to the statement.


Was this ever discussed in Parliament?

Did parliament approve the giving away of such a large parcel; 110,000 hectacres of virgin land?
Mitwah
I would love to gave my comments now but would save it for a SPECIAL OCCASION(S)in Guyana FACE TO FACE with some of the PPP CLIQUE.I promise i would gave some VERY VERY small hints here.1/one Hatian Group was SWIZZLED AND ABUSED of $$$$$$$.
FM
quote:
Ansa McAl and



I don't want to see companies like Ansa McAl expand more in Guyana. I don't have anything against christian arabs but I want to see most of Guyana's companies remain majority owned by the Guyanese public where the most qualified people are promoted to run these businesses instead of family or ethnic group promoting their kin into senior management position just because of ethnic or family ties and not because they are qualified.
Prashad

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