{"id":75096,"date":"2015-11-03T18:37:51","date_gmt":"2015-11-03T23:37:51","guid":{"rendered":"https:\/\/selasite.azurewebsites.net\/american-producer-eying-jamaica-for-biodiesel-plant-investment\/"},"modified":"2015-11-03T18:37:51","modified_gmt":"2015-11-03T23:37:51","slug":"american-producer-eying-jamaica-for-biodiesel-plant-investment","status":"publish","type":"post","link":"https:\/\/rmtsolutions.net\/sela\/american-producer-eying-jamaica-for-biodiesel-plant-investment\/","title":{"rendered":"American producer eying Jamaica for biodiesel plant investment"},"content":{"rendered":"

November 3, 2015, KINGSTON, Jamaica.- One of the largest biodiesel producers in the US, HERO BX is currently exploring possibilities to develop Jamaica and the Caribbean\u2019s first commercial scale biodiesel plant. The firm\u2019s representatives have been visiting the island since the Jamaica Promotions Corporation (JAMPRO) \u201cJamaica Investment Forum\u201d earlier this year, and have been meeting with various government and private sector stakeholders with serious interest in confirming the project.<\/span><\/p>\n

The plant would be a boost for Jamaica\u2019s renewable energy programme and would have a multi-industry impact, as biodiesel uses feedstock such as waste oils from the Hospitality Industry and plant feedstock from the agricultural industry. The investment would also be a significant source of employment and could empower the government to benefit from the sale of biodiesel produced on the island, which would operate as the hub of HERO BX\u2019s Caribbean operations. <\/span><\/p>\n

Glen F. Garth, native-born son of Jamaica and executive vice president of US consulting firm, Garth Solutions Inc., is representing HERO BX. He said that Jamaica has received top billing for the development of the plant due to the country\u2019s strategic location, amongst other factors. <\/span><\/p>\n

\u201cThe location of Jamaica strategically in the Caribbean basin, the access to a quality, educated labour force, the access to all of the benefits that are available due to commitments made by the Jamaican government to encourage foreign direct investment are all factors. Those attributes are what first attracted our attention and have further strengthened our interest in siting a biodiesel hub in Jamaica,\u201d he said.<\/span><\/p>\n

Garth also praised the country\u2019s strong national energy policy and renewable energy sub-policy, saying those components were seen as favourable and increased the company\u2019s interest in Jamaica. <\/span><\/p>\n

Minister of industry, investment and commerce, Anthony Hylton said that Jamaica has been receiving more investment interest due to steps being taken by the government to improve Jamaica\u2019s economy and business environment. <\/span><\/p>\n

Hylton said, \u201cThis robust investment climate and investment in a variety of sectors in the economy is the result of work across government to improve the business environment, facilitate economic growth and create opportunities for job creation.\u201d<\/span><\/p>\n

JAMPRO president Diane Edwards said she is pleased that the country\u2019s strides to promote its renewable energy strategy have been bearing fruit. She said that following on the ministry of industry, investment and commerce\u2019s mandate, the agency has been campaigning for more investments in newer sectors to diversify Jamaica\u2019s economy. <\/span><\/p>\n

\u201cWe are seeing more interest in sectors such as energy and technology as the government makes moves to improve the business atmosphere and the country\u2019s readiness for investments. JAMPRO will monitor the progress of this and other projects closely as we try to bring more significant, sustainable investments to Jamaica,\u201d she said.<\/span><\/p>\n

HERO BX is one of the top biodiesel producers in the United States. Its 50 million gallon per year capacity plant produces fuel from multiple raw materials and has achieved the highest quality accreditation available. HERO BX enjoys a reputation for quality and its commitment to the environment, community and safety. The company is investigating expanding into the Caribbean region, as the growing global renewable energy market is estimated to grow to US $614.92 billion by the end of 2015.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

American producer eying Jamaica for biodiesel plant investment<\/p>\n","protected":false},"author":1,"featured_media":74019,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-75096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boletines-regionales"],"acf":[],"_links":{"self":[{"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/posts\/75096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/comments?post=75096"}],"version-history":[{"count":0,"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/posts\/75096\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/media\/74019"}],"wp:attachment":[{"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/media?parent=75096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/categories?post=75096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/tags?post=75096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}