Dominican leader signs ethanol deal with Swiss firm

By | June 01, 2002
Dominican Republic president Hipolito Mejia has signed an agreement to allow an undisclosed Swiss firm to build a U.S. $ 80 million ethanol plant on the island, newspaper Hoy reported. The ethanol will be produced from local sugar cane, and will be mixed with gasoline for sale to the public. The announcement comes at the end of Mejia's three-day trip to Europe, where he signed agreements for over U.S. $500 million in investment in the island for projects ranging from tourism to industry.