Brazil 'seeks new pipe licence for ethanol production'
Date added: 16th June, 2010 at 10:24
(view all articles from June, 2010)
Categories: Natural Resources
Brazilian companies involved in ethanol production are to request a licence to build a new pipeline to ship the product from Sao Paulo state to a south-eastern port.
According to Bloomberg Business Week, the largest sugar-cane processor in the world - Cosan SA Industria & Comercio - alongside 84 other firms will seek authorisation for the project, which will span 600 kilometres on completion.
The venture will cost three billion reais (£1.13 billion) and will support the growing ethanol production industry in the nation.
Brazil is the globe's largest exporter of the product and sugar, having doubled its output of the biofuel over six years to reach 27.5 billion litres in 2009 and 60 per cent of this is produced in Sao Paulo state, the news provider reported, citing the industry group Unica.
"The pipeline will solve most of our logistic bottleneck," Sergio van Klaveren, chief executive officer of Uniduto Logistica, told the information source.
One company that has seen profit from buying into this industry is Bunge, which saw a 12 per cent increase in net sales in the first quarter of this year after acquiring a sugarcane and ethanol production firm in Brazil.
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