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Brazil to ship methanol.

Brazil's Coimex Trading Co. plans in Feb. 2005 to start producing ethanol (alcohol) in Jamaica for duty free shipment to the U.S., according to the business daily Valor Economico, reports Reuters (Nov. 8, 2004). The US$10 million distillery, processing Brazilian sugarcane based hydrous alcohol into anhydrous alcohol for re-export, will have an initial production capacity of 150 million liters a year. "We will double output in 1-1/2 years," Said Coimex President Clayton Hygino de Miranda as saying. Under the Caribbean Basin Initiative, ethanol shipments to the U.S. from the Caribbean are exempted from a 54 cents a gallon import tariff up to a limit of 7% of the U.S. production. U.S. ethanol is mainly corn-based. In May, U.S.-based agricultural trader and processor Cargill said it planned to install a 240 million liters a year ethanol dehydration plant in the Caribbean in order to avoid paying the prohibitive tariff on ethanol imported into North America.
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Title Annotation:JAMAICA
Publication:Caribbean Update
Article Type:Brief Article
Geographic Code:3BRAZ
Date:Dec 1, 2004
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