Chief Executive Officer of Guyana Office for Investment (Go Invest),Wesley Matthews Mavericks Jersey, Geoffrey Da Silva, has said that two feasibility studies are underway for ethanol projects in Guyana.According to him,Matt Murray Adidas Jersey, two major companies,John Randle Vikings Jersey, one from the Caribbean and one from Asia, are looking at the Canje Basin to undergo these projects.Da Silva added that they have about another five months to complete their feasibility work.He noted that Guyana has been working with these companies for more than a year now, but the serious feasibility work began a month ago.Da Silva said that projects such as these are major ones,Cheap Jerseys From China, thus they are very challenging and they involve hundreds and hundreds of millions of US dollars.“Therefore, it takes a lot to make the project happen and make it a success, but they will bring great benefit to Guyana. But they are not easy projects; they take a long time.”However, Da Silva pointed out that companies undergoing these studies are big enterprises that can source the financing. He added that this is at least a US$500M investment.“Based on the push by the US to be free of fossil fuels,Dan Feeney Jersey, they will be looking for more of the biofuels, and we are hoping that this will give us a great opportunity in the US market.” Ethanol is a clean-burning fuel produced from renewable crops like corn and sugarcane, and its use has long been advocated to curb dependence on foreign oil and reduce monoxide emission.It is also used in perfumes, alcoholic beverages,Evan Gattis Jersey, medical wipes and in antibacterial hand sanitizing gels as an antiseptic.Other alternative power sources being explored by Government are hydropower, solar, wind, and biodiesel.