The Consorcio Azucarero de Empresas Industriales (CAEI) is studying the possibilities of producing more alcohol instead of molasses, in order to render higher profits and pave the way to promoting ethanol production in the country, as suggested by the economic analyst for the Brazilian company Datgro, Guilherme Nastari.
“We are studying these possibilities and we understand that the Dominican soil can be advantageous for sugar production as well as ethanol”, said Rafael Vélez, GM for CAEI. Vélez emphasized that the ethanol business is very interesting and more at times when the price for crude oil increases on all international markets.
Nastari indicated that the value and use of molasses worldwide is very minimum compared to alcohol.
Also, the economic analyst for the Brazilian company Datagro, disclosed the fact that Brazil is one of the most successful countries in ethanol production, is due to how sugar mills produce 70% sugar and the remaining 30% is turned into alcohol.
30 percent. Is the amount produced by Brazil in its sugar mills, while the remaining 70% is destined to sugar production, which has promoted their success in producing ethanol.
CAEI is a company in the Energy and Industry portfolio of assets administered by VICINI.
The VICINI family has invested in different economic sectors in the Dominican Republic for over 140 years. VICINI is one of the companies that has contributed significantly to the development and industrialization of the country.