GEORGETOWN, Guyana, CMC – The Guyana authorities says it would construct a sugar refinery on the Enmore Property, East Coast Demerara, which has been closed since 2018.
“We now have an investor, who’s within the remaining stage of an funding choice quickly, to transform the Enmore sugar property that’s now closed right into a sugar refinery,” President Irfaan Ali instructed the annual dinner of the Personal Sector Fee’s (PSC) on Monday evening.
Ali didn’t identify the investor however mentioned the Enmore facility may refine as much as 180,000 metric tonnes of brown sugar yearly.
Guyana is projecting to extend brown sugar manufacturing to 100,000 tonnes yearly beginning this 12 months. President Ali mentioned that this meant Guyana must import some refined sugar.
“No matter we are able to provide, we’ll provide, then we’ll should fill the hole, so refining will happen right here,” he mentioned, including that the power is predicted to supply alternatives for “lots of of upskilled jobs.”
The Barbados-based Caribbean Improvement Financial institution (CDB) had, in 2019, commissioned a research to find out whether or not Plantation White sugar might be used as an alternative choice to white sugar.
Nonetheless, the Guyana Producers and Companies Affiliation (GMSA) later protested plans by Belize to hunt a 40 p.c Widespread Exterior Tariff (CET) on extra-regionally produced refined sugar.
“If producers have been to make use of plantation white as an alternative of refined sugar, for causes of high quality, merchandise will now not be as acceptable to customers and won’t be able to compete based mostly on high quality with merchandise coming into the area,” the GMSA mentioned then.
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