Zeons Corporation (ZEON)

[followyourgut]

I guess the DR is a dead issue now too>>??? Someone on another board found this!!!! Notice ZUCCO was the won that was with us and giving the award to JR!

Recs: 0 DR
SANTO DOMINGO. – The recently incorporated company Bio E Group announced the construction, together with other foreign investors, of two distilleries at a cost of US$300 million, to produce from biomass 35 million gallons of ethanol and 30 megawatts of energy each per year.

The plants will be located in the townships Bayaguana, Monte Plata province (east) and Quisqueya, San Pedro province (east).

Bio E Group president Alfonso Fermín Balcácer said the two companies will generate an estimated RD$900 million per year in the zones where they’ll operate.

In the press conference, organized by the National Energy Commission (CNE), Balcácer said the projects will provide 12,000 direct jobs.

He said the international companies Tomsa Destil and Biotech will share owner ship in the distilleries, and which according to Balcácer have more than 100 years experience in ethanol production and 400 plants around the world.

For his part, CNE president Arístides Fernandez Zucco said although the Government promotes the projects, it will not participate in them.

http://www.dominicantoday.com/dr/economy/2008/2/6/26939/Two-US30M- plants-to-produce-ethanol-from-biomass-in-Dominican-Republic

It seems that the DR shifted attention away from USSE/SSTP