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By Latoya GilesSenior officials from beverage giant Ansa McAL have brushed off rumors that they had aborted plans for setting up an ethanol plant in Guyana,Oakland Athletics Matt Joyce Jersey, while expressing the firm’s commitment to the project.Kaieteur News was told that the company is still awaiting a report on the feasibility study. Minister of Agriculture Dr. Leslie Ramsammy in an invited comment told Kaieteur News that the company had done studies at a proposed area, but officials from the firm had indicated that it was not suitable for the purpose.Ramsammy said that the company had then requested an alternative site,Trevor Cahill Jersey, which was in the savannah region. The Minister noted that the company was doing a feasibility study there,Drew Hutchison Jersey, which started approximately six months ago.President Donald Ramotar had lauded Ansa McAL Trading Limited for its investment in the local economy and the company’s proposal to set up an ethanol plant in Guyana. The head of state had said that such a facility will complement the infrastructure development taking place here.Mr. Ramotar was at the time speaking at Ansa McAl’s 20th anniversary celebration,San Diego Padres Luis Sardinas Jersey, where he pointed out that the investment climate in Guyana is encouraging, given the enabling environment Government has created over the years.Chairman and C-E-O of Ansa McAL group of companies Anthony Sabaga says the company is conducting a feasibility study for a bio-fuel project in Guyana. The Chief Executive Officer of the company pointed out that the value of the study is over US $300M.“We envisage a sugar cane plantation cultivated to produce a minimum 2,Tampa Bay Rays Wilson Ramos Jersey,000,Gregor Blanco Jersey,000 metric tonnes of high sucrose sugar cane per year and produce 40,Arizona Diamondbacks Gregor Blanco Jersey,000,000 gallons of ethanol and approximately 175,Matt Wieters Jersey,000 metric tonnes of raw sugar,Wilson Ramos Jersey,” Sabaga had stated.Sabaga stressed that the investment project would propel Guyana’s Economic Development significantly.