Jamaica is scheduled to finalize the sale of three of the country's three remaining sugar refineries to China-based Complant International for a total of $9 million, 123Jump.com reported. The sale will hopefully support the construction of an ethanol refinery to help alleviate Jamaica's crude oil imports, as Complant is completing a feasibility study of building a $180 million, sugar-based ethanol refinery with a capacity of 220,000 gallons per year. The project could take as long as four years to complete, although plans are still tentative.
(123Jump.com, July 30, 2010)
(http://www.123jump.com/…)