Creed: Any sugar/bioethanol plant must be commercial

Any venture to develop a combined sugar/bioethanol production facility in Ireland would have to be a viable commercial proposition.

It would also need a robust business case to attract the funding from investors for the very substantial capital investment required.

Agriculture Minister Michael Creed , replying to a Dáil question from Labour TD Willie Penrose, explained that a temporary restructuring scheme was introduced with the aim of reducing EU sugar production.