Chief Executive Officer of Guyana Office for Investment (Go Invest), Geoffrey Da Silva, has said that two feasibility studies are underway for ethanol projects in Guyana.According to him, two major companies, one from the Caribbean and one from Asia,Wholesale Basketball Jerseys, are looking at the Canje Basin to undergo these projects.Da Silva added that they have about another five months to complete their feasibility work.He noted that Guyana has been working with these companies for more than a year now,NFL Jerseys Outlet, but the serious feasibility work began a month ago.Da Silva said that projects such as these are major ones,Cheap Jerseys Free Shipping, thus they are very challenging and they involve hundreds and hundreds of millions of US dollars.“Therefore,Discount Air Max, it takes a lot to make the project happen and make it a success, but they will bring great benefit to Guyana. But they are not easy projects; they take a long time.”However, Da Silva pointed out that companies undergoing these studies are big enterprises that can source the financing. He added that this is at least a US$500M investment.“Based on the push by the US to be free of fossil fuels, they will be looking for more of the biofuels,Jerseys NFL Cheap, and we are hoping that this will give us a great opportunity in the US market.” Ethanol is a clean-burning fuel produced from renewable crops like corn and sugarcane, and its use has long been advocated to curb dependence on foreign oil and reduce monoxide emission.It is also used in perfumes,Authentic NBA Jerseys Store, alcoholic beverages, medical wipes and in antibacterial hand sanitizing gels as an antiseptic.Other alternative power sources being explored by Government are hydropower, solar, wind, and biodiesel.
