Managua, Nicaragua; October 14, 2016
With an investment that amounts to US$13 million, the foreign company Extraceite S.A. opens today its first palm oil extraction plant in Nicaragua. This is the second investment of Palma San José Group in Nicaragua, which has invested over US$50 million in the country.
Located in El Rama, Nicaragua, 292 km east of the capital, Extraceite will supply both the local market as to other Central American countries, the United States and Mexico. The opening ceremony of the plant was chaired by the Minister-Delegate for Investment Gral. Alvaro Baltodano, and the company’s board members.
Extraceite has the latest environmentally – friendly technology. The Company has, for example, a treatment plant wastewater, as well as programs pointing to a philosophy of total conversion and zero waste.