International Sugar Journal

Guyana – GuySuCo receives over US$36 million this year from the government to prop up the company [Full subscriber]

The Guyana parliament has approved an additional GY$1 billion (US$4.8 million) to support the purchase of agricultural equipment and factory upgrade amidst concerns that the state-owned Guyana Sugar Corporation (GuySuCo) company has racked up debt over GY$12 billion so far this year, according to local press reports.

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Egypt – US$291 million injected in the Canal Sugar project – completion date set at 2021 [Registered]

The US$ 1 billion Canal Sugar project in the Minya state, headed by the Emirati investor Jamal Al Ghurair, signed three contracts worth EGP 5 billion (US$291.3 million) to complete the establishment of beet sugar factory complex along with agricultural production.

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Brazil – Biofuels sector to get a share of U$100 million from IDB [Registered]

“At least 20 companies will receive the support,” Neto told Bloomberg. “The objective is to give access to different funding for companies focused in sustainability.”

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