Stratos Renewables Secures Land Agreements in Peru to Produce Up to 90 Million Gallons of Sugarcane Ethanol Per Year

Stratos Renewables Corporation, an emerging agro-energy company developing a South American sugarcane ethanol operation, today announced that the company has secured enough land in the northern coastal region of Peru required for the production of up to 90 million gallons per year of sugarcane-based ethanol. Stratos intends to use this land for extensive sugarcane cultivation, milling and distillation into ethanol primarily for export. Peru has historically achieved some of the highest yields of sugarcane in the world.

Peru’s superior soil and agricultural climate conditions allow for year-round sugarcane harvesting and high yields, as water and nutrient content can be managed using modern irrigation technology. This compares favorably with uncontrolled climates in other countries where sugarcane is cultivated. Peru’s location also affords low transportation costs for export and distribution due to its coastal access and proximity to the Pan-American Highway.

Stratos President and Chief Executive Officer Tom Snyder stated, “We are pleased that our negotiations with local communities in Northern Peru have resulted in mutually beneficial relationships. Securing this land marks an important milestone in our strategy to become one of the lowest-cost ethanol producers in the world while stimulating the Peruvian economy. We have spent considerable time working with local officials to create programs that deliver a sustainable agro-investment environment. We’re encouraged by this progress and we are solidifying contracts with major engineering and construction companies to further implement our business plan.”