18 April 2008 19:41 [Source: ICIS news]
HOUSTON (ICIS news)--Brazilian private investors will participate in a state agreement to develop ?xml:namespace>
The announcement by government officials came ahead of a state visit by Brazilian President Luiz Inacio Lula da Silva to
Energy is one of the principal topics to be discussed during Lula’s trip, including hydroelectric plants and fuel storage facilities as well as the investments in ethanol production, officials said.
Brazilian state news service Agencia Brasil named Constran of Brazil as the investor in the ethanol project, but production capacities or costs of the project were not immediately available.
In August, Brazil and the African nation of Benin signed a similar biofuels cooperation agreement. Brazil is the world's second-largest ethanol producer and the largest exporter.
For some independent thinking on biofuels, bookmark Simon Robinson's Big Biofuels Blog
For more on ethanol, visit ICIS chemical intelligence
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