12 April 2011 21:27 [Source: ICIS news]
HOUSTON (ICIS)--Brazilian producers Guarani and Petrobras announced on Tuesday plans to build a new ethanol plant in Colina, Sao Paulo.
When completed, the plant will have a capacity to produce 107,000 cubic metres/year of ethanol, Petrobras said.
In addition, ethanol producer Guarani will invest reais 767m ($485m, €335m) to expand sugarcane-to-sugar processing capacity, ethanol production and power cogeneration in the next four years, Petrobras said.
The expansion plans follow a partnership announced in April 2010 by Petrobras and Tereos Internacional - created to expand Guarani.
($1 = R1.58)
($1 = €0.69)
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