Tuesday, January 14, 2025

Charcoal plant is first in Mexico to make vegetable-based product

A new charcoal plant has begun operating in Oaxaca, the first in Mexico to produce vegetable-base charcoal.

The Oaxaca-based company Carbosur built the plant in San Juan Atepec, a community located in the heart of the northern sierra, with financial aid from the state government and the National Forestry Commission, Conafor.

The aid came in the form of a 1-million-peso credit line to help build and equip the facility.

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High-technology ovens will reduce emissions by 100%, according to a report by the newspaper El Financiero: nothing but water vapor is emitted.

The ovens can generate temperatures up to 1200 C and will produce 70 tonnes of charcoal a month, worth 7 million pesos in sales.

The nearby logging communities of San Andrés Yatuni and San Pablo Macuiltianguis will supply the plant’s oak wood, which has received international certification from the Forestry Stewardship Council.

The plant employs more than 10 people and supports an additional 40 indirect jobs.

Source: El Financiero (sp)

Former Presidents Vicente Fox and Felipe Calderón

Venezuela distributes ‘wanted’ posters for Mexican ex-presidents

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Vicente Fox and Felipe Calderón will be prosecuted as a “foreign force attempting to invade” if they try to enter Venezuela, the Venezuelan legislature declared.
Peso exchange rate graphs

Peso suffers 4-day slide to close at 20.72 to the US dollar

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According to experts, a USD:MXN exchange rate above 21 is a likely scenario in the near term due to Trump's impending return to the presidency.
Speaking at an event on Friday in Mexico City, Mexico's economy minister said, "I guarantee you we're going to find [a way around]" Trump's tariffs.

Economy minister: Trump tariff plan is unviable

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"You can't have low inflation and sustained economic growth in the U.S. if ... you're rolling out strong protectionist policies against Mexico and China," Marcelo Ebrard said.