|
|
Article: CARGILL ENTERS BRAZIL'S SUGARCANE ETHANOL MARKET
- Article from:
- Renewable Fuel News
- Article date:
- June 19, 2006
- Author:
CopyrightCopyright Hart Energy Publishing, LP Jun 19, 2006. Provided by ProQuest LLC. (Hide copyright information)
|
With the purchase of a majority stake in a Brazilian ethanol distillery in
Sao Paulo, privately held Cargill, one of the world's largest grains
producers, now has a line into the world's largest producer of ethanol.
Cargill said Friday it has completed negotiations to own 63% of Central
Energetica Vale do Sapucai (Cevasa), a unit of Sao Paulo-based agricultural
firm Maubisa Agricola.
The Sao Paulo region of Brazil accounts for about 60% of the country's sugar
and ethanol output.
Wayzata, Minn.-based Cargill plans to invest 100 million Brazilian reals
($43.5 million) in the next two years to double sugarcane output at its newly
acquired ethanol mill, as well as install sugar ...