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furfural and its many by-products
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Furfural Dispatch

"There are a number of reasons as to why the commissioning of the furfural plant has not been completed", says Ian McBean, Proserpine's acting CEO. These include the need to comply with HICB directives, the current financial situation, the need to concentrate on sugar milling and the ongoing asset sale process."

Regrettably, these reasons have prevented the new furfural plant from starting-up during the 2011 season. However, "both prospective purchasers have made clear commitments to furfural" and a successful outcome to the voting process will ensure that the plant is operational in 2012.

The results of this round of voting will be know at the end of October.

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300px-Proserpine-Sugar-Mill-1196

It's the end of an era for a north Queensland sugar mill. Proserpine Sugar Mill has been sold to a Singapore-owned company Sucrogen for 120 million dollars.

The board of the Proserpine Mill placed the co-operative into administration in November, following a five-month battle between Sucrogen and Tully COFCO for ownership.This morning Proserpine's creditors voted to accept the offer the administrator, KordaMentha, had signed with Sucrogen.

The CEO of Sucrogen Ian Glasson says the company is looking forward to growing the Proserpine region.

"It was a rather long process, but I guess the good news is we are where we are."

Chairman of Proserpine Lou Raiteri says it is a relief to finalise the sale.

"Life goes in cycles and nothing is forever."

via abc.net.au

 

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CTIPFANAFRICEFIncreasing the market for clean energy is a critical component to reducing greenhouse gas emissions in Africa: "More than 140 financiers, clean energy experts and representatives of financial institutions from across Africa and overseas participated in the Forum. Add a comment
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