Maple Plant to Produce Ethanol in Fourth Quarter as Costs Rise
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Maple Energy Plc, a Lima-based oil and natural-gas producer, expects costs at an ethanol project under construction in northwest Peru to be higher than an earlier forecast.
Maple said in a statement the plant will be able to produce ethanol for about $1.42 a gallon, compared with a March 2010 estimate of $1.28, citing rising prices for fertilizer to produce sugar cane and higher diesel fuel costs, which it uses to transport ethanol. It did not say how much fuel the factory will be able to make when it goes into production in the fourth quarter