Grays Refinery

Harel Frères holds a two third stake in Grays Refinery Ltd, a company which owns and runs a distillery.

Grays Refinery Ltd produces around 3 million litres of alcohol each year and the group's flagship brands include the renowned rum New Grove and the Old Mill range.

Many improvements have been made to the plant.  For instance, new equipment has improved the efficiency of the distillation process and has reduced steam consumption by about 25%. It will also allow an additional 10% daily alcohol output.

Moreover, a vinasse treatment project which will optimize the benefits from this by-product is being finalized. The latter will produce Concentrated Molasses Solids (CMS) which will be spread as fertilizer in cane fields. To this end, a company has been incorporated as a joint venture between the shareholders of Grays Refinery Ltd and Island Liquid Fertiliser.