KINGSTON: One of the largest biodiesel producers in the United States (US), HERO BX, has been exploring the possibility of developing Jamaica’s and the Caribbean’s first commercial-scale biodiesel plant on the island.
The firm’s representatives have been visiting Jamaica since JAMPRO’s Jamaica Investment Forum earlier this year, and have been meeting with various government and private-sector stakeholders with serious interest in confirming the project.
The plant would be a boost for Jamaica’s 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 is expected to be a significant source of employment, as well as to enable the Government to benefit from the sale of biodiesel produced in Jamaica, which would operate as the hub of HERO BX’s Caribbean operations.
“This 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,” said Minister of Industry, Investment and Commerce Anthony Hylton.
Hylton said Jamaica has been receiving more investment interest because of steps being taken by the Government to improve Jamaica’s economy and business environment.
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