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Sucro Announces Guyana Sugar Refinery Joint Venture, Sale of Hamilton Refinery Assets to the JV, and Launch of Sucro Engineering Services
Sucro Announces Guyana Sugar Refinery Joint Venture, Sale of Hamilton Refinery Assets to the JV, ...
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[{"type":"text","content":"\n\n\nSucro Announces Guyana Sugar Refinery Joint Venture, Sale of Hamilton Refinery Assets to the JV, and Launch of Sucro Engineering Services\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\nCanada NewsWire\n\n\nCORAL GABLES, Fla., Dec. 10, 2025 /CNW/ - Sucro Limited (TSXV: SUGR) (OTCQB: SUGRF) (\"Sucro\" or the \"Company\"), an integrated sugar refiner focused primarily on serving North American sugar markets, today announced three new commercial initiatives designed to expand refining capacity in the Caribbean and monetize its proprietary sugar process technology and refinery engineering, design and construction expertise:\n\n\n\n\n\n\n\nthe formation of a joint venture (JV) to develop and operate a cane sugar refinery in Guyana, where Sucro will hold a minority ownership interest.the sale of Sucro's operating refinery assets in Hamilton, Ontario once decommissioned in favor of the new Hamilton refinery under development to the JV as part of the project capitalization and installation plan and valued as a complete operating entity; andthe launch of a new business unit, Sucro Engineering Services (\"SES\"), to provide third-party engineering and project services leveraging Sucro's in house multi-refinery build experience and expertise, including a patent-pending processing technology developed by Sucro.Guyana Refinery Joint Venture\nSucro (through Sucro Caribbean Investment, LLC) and GAICO Construction & General Services Inc. have executed a joint venture agreement to form Demerara Sugar Refinery Inc. (\"DSR\"), to develop, construct, finance and operate a white sugar refinery at Wales, West Bank Demerara, Guyana. Capital costs of the joint venture to build the new refinery are currently estimated at US$20 million. Sucro will hold an indirect 15% interest in the joint venture.\nUnder the agreement, DSR will procure, install and commission a used refinery plant sourced from Hamilton, Canada, and will utilize GAICO's wharf/infrastructure under commercial terms. Sucro will provide engineering, eq...