Biodiesel, Baha Mar hold promise for Bahamas Waste in 2012
22.02.12
The managing director of Bahamas Waste says 2011 has been an exciting yet challenging year.
With more than $1 million invested in a biodiesel project, and more funds allocated to a recycling program, the firm is trying to make smart investments for the future, Francisco de Cardenas said.
He anticipates 2012 will mean further strides in these areas and real-time benefits for investors.
“We’re hoping to iron out all the kinks shortly,” he told Guardian Business yesterday. “Obviously the environment benefits are boundless. The rest depends on world markets and fossil fuels. It is fairly stable at the moment, but if they go crazy then we have achieved our objective.”
Pursuing biodiesel as a “protection from outside forces”, Cardenas said the program ensures Bahamas Waste remains competitive and allows the firm to hold costs and ideally pass those on to the consumer.
In November, Guardian Business toured the biodiesel facility on Gladstone Road and received an update on the cutting-edge division. Cardenas declared that his entire fleet will be powered through biodiesel by this time next year.
Source: Nassau Guardian