{"id":12054,"date":"2014-11-25T10:42:54","date_gmt":"2014-11-25T15:42:54","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=12054"},"modified":"2014-11-25T10:42:54","modified_gmt":"2014-11-25T15:42:54","slug":"panama-ethanol-producer-closes-operations","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-ethanol-producer-closes-operations\/","title":{"rendered":"Panama: Ethanol Producer Closes Operations"},"content":{"rendered":"<p style=\"text-align: justify;\"><a href=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2014\/11\/campos-de-Pese.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-12055\" src=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2014\/11\/campos-de-Pese.jpg\" alt=\"campos de Pese\" width=\"800\" height=\"600\" srcset=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2014\/11\/campos-de-Pese.jpg 800w, https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2014\/11\/campos-de-Pese-300x225.jpg 300w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">Campos de Pes\u00e9 has indefinitely suspended the production and marketing of ethanol because the price set by the government for the biofuel does not even cover the cost of acquiring sugar cane.<\/p>\n<p class=\"description\" style=\"text-align: justify;\">The 40% decrease in the ethanol price established by the government last August affected the cost structure of the company, which in a statement sent to the media said that the decision taken by the government &#8220;&#8230; changes the rules of the Game and violates legal certainty. &#8221;<\/p>\n<p>Rafael Gonz\u00e1lez, President of the Board of Campos de Pese told Panamaamerica.com.pa that the company &#8220;&#8230; three years ago invested about $100 million in expanding its operations and the acquisition of a distillery, attracted by the government&#8217;s interest in producing biofuel. &#8221;<\/p>\n<p>&#8216;&#8230; According to the manager, promises were made to both the company and its employees, that a decision that would be taken to safeguard this project and the social and environmental benefits involved, promises that in his opinion were not kept.&#8221;<\/p>\n<p class=\"link_source\" style=\"text-align: justify;\">Source: Panamaamerica.com.pa<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Campos de Pes\u00e9 has indefinitely suspended the production and marketing of ethanol because the price set by the<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-12054","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Panama: Ethanol Producer Closes Operations - Blog and Newsletter<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-ethanol-producer-closes-operations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Panama: Ethanol 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