Spanish company Ferry Group is to invest €42/US$55.2 million in a project for the production of biomass fuel pellets in Bulgaria.
The 3-year project consists of establishing plantations of paulownia trees near the city of Tran. Paulownia is a fast-growing tree used for the commercial production of fuel pellets.
Inter-American Development Bank to promote biofuel projects in Central America
Quicknote bioenergy finance
Within the context of its 'sustainable energy and climate change' initiative for Central America, the Inter-American Development Bank (IDB), at a meeting with finance ministers and central bank presidents from Central America and the Dominican Republic, announced to step up its efforts to promote alternative energy sources, biofuel production and the competitiveness of small and medium-size enterprises.
The proposals were made during talks held with the IDB governors for Belize, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua and Panama, who met with IDB President Luis Alberto Moreno, managers and specialists.
The Board of Governors is the IDB’s top decision-making body, comprising representatives from all 47 member countries. The talks with Central American governors were held in preparation for the Board’s annual meeting, which is to take place in March in Guatemala.
During their first day in San Jose governors and the IDB delegation discussed the outlook of the global economy and its implications for the Central American region.
Financing for private sector projects, an initiative to create opportunities for economic advancement for the poor, the development of renewable energy sources to reduce the region’s oil imports, and the application of science and technology to improve competitiveness were also discussed:
biomass :: bioenergy :: biofuels :: energy :: sustainability :: poverty alleviation :: oil dependence :: SME :: Inter-American Development Bank :: Central-America ::
The IDB’s Inter-American Investment Corporation made a presentation to the governors of FINPYME, a new program to expand small and medium-size businesses’ access to financing.
FINPYME, which is being carried out with a South Korean grant, consists of a new methodology to diagnose the strengths and weaknesses of SMEs and help them design plans to improve their operations and increase their possibilities of obtaining financing either from the IIC or commercial banks. FINPYME is being launched this month in Central America and the Dominican Republic.
During the second day participants discussed issues of regional interest such as cooperation to take greater advantage of trade agreements signed with industrialized nations and other Latin American countries. Governors also analyzed the IDB’s own process of realignment, which is aimed at making the Bank more agile and responsive to the needs and priorities of its clients.
Moreno later held bilateral meetings with the governors from Belize, Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua and Panama. The session with Costa Rica was held on Thursday and ended with a visit to President Oscar Arias.
The IDB is the leading source of multilateral financing for economic and social development projects in Latin America and the Caribbean.
More information:
IADB: A Biofuels Approach for the IDB[.*pdf]
Within the context of its 'sustainable energy and climate change' initiative for Central America, the Inter-American Development Bank (IDB), at a meeting with finance ministers and central bank presidents from Central America and the Dominican Republic, announced to step up its efforts to promote alternative energy sources, biofuel production and the competitiveness of small and medium-size enterprises.
The proposals were made during talks held with the IDB governors for Belize, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua and Panama, who met with IDB President Luis Alberto Moreno, managers and specialists.
The Board of Governors is the IDB’s top decision-making body, comprising representatives from all 47 member countries. The talks with Central American governors were held in preparation for the Board’s annual meeting, which is to take place in March in Guatemala.
During their first day in San Jose governors and the IDB delegation discussed the outlook of the global economy and its implications for the Central American region.
Financing for private sector projects, an initiative to create opportunities for economic advancement for the poor, the development of renewable energy sources to reduce the region’s oil imports, and the application of science and technology to improve competitiveness were also discussed:
biomass :: bioenergy :: biofuels :: energy :: sustainability :: poverty alleviation :: oil dependence :: SME :: Inter-American Development Bank :: Central-America :: The IDB’s Inter-American Investment Corporation made a presentation to the governors of FINPYME, a new program to expand small and medium-size businesses’ access to financing.
FINPYME, which is being carried out with a South Korean grant, consists of a new methodology to diagnose the strengths and weaknesses of SMEs and help them design plans to improve their operations and increase their possibilities of obtaining financing either from the IIC or commercial banks. FINPYME is being launched this month in Central America and the Dominican Republic.
During the second day participants discussed issues of regional interest such as cooperation to take greater advantage of trade agreements signed with industrialized nations and other Latin American countries. Governors also analyzed the IDB’s own process of realignment, which is aimed at making the Bank more agile and responsive to the needs and priorities of its clients.
Moreno later held bilateral meetings with the governors from Belize, Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua and Panama. The session with Costa Rica was held on Thursday and ended with a visit to President Oscar Arias.
The IDB is the leading source of multilateral financing for economic and social development projects in Latin America and the Caribbean.
More information:
IADB: A Biofuels Approach for the IDB[.*pdf]
1 Comments:
Interesting (as always!) piece. Did you see IDB President Moreno's op-ed in the Miami Herald? That, plus his support for the Interamerircan Ethanol Commission and statements to Central American & Caribbean IDB members leads one to suspect he strongly favors supporting regional efforts to produce sugar-based ethanol, not only for domestic use, but for export to the US market (perhaps using CBI trade benefits). I recently blogged on this at The Temas Blog.
You also might be interested in my piece about MERCOSUR's biofuels initiative. It says it'll stress both ethanol and biodiesel, but looks as though it will rely heavily on Brazilian tech.
Regards,
Keith
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