[NEWS] Biofuel Crops Could Replace Sugar Production
– May 8, Hawaii Tribune Herald
Hawaii company Alexander &Baldwin is considering cattle grazing and crops used to make biofuels as it phases out sugar production at the state’s last sugar plantation.
The company held a conference call with investors last week covering topics such as a grazing trial on the island and weighing the possibility of leases for large-scale ranching.
President and CEO Chris Benjamin said the company hopes to help local ranchers meet the growing demand for grass-fed beef.
“And, we hope to help them address their infrastructure needs as they try to expand to meet this market,” he said.
The company’s 36,000-acre Hawaiian Commercial &Sugar Co. plantation, on Maui, will stop sugar production before next year and reduce its workforce from 675 to 15.