US ethanol producer Valero Energy will make its first South American infrastructure investment buying Pure Biofuels Del Peru from Pegasus Capital Advisors. Terms of the deal have not been disclosed. Pure Biofuels has an operational capacity of around 118 million litres, while a report from the US Department of Agriculture put Peruvian ethanol output at 270 million gallons for 2017 after production resumed following a three-year break.
US ethanol producer Valero Energy will make its first South American infrastructure investment buying Pure Biofuels Del Peru from Pegasus Capital Advisors. Terms of the deal have not been disclosed. Pure Biofuels has an operational capacity of 270 million gallons, while a report from the US Department of Agriculture put Peruvian ethanol output at around 118 million litres for 2017 after production resumed following a three-year break.