• 4 minutes U.S. Shale Output may Start Dropping Next Year
  • 8 minutes Read: OPEC WILL KILL US SHALE
  • 12 minutes Tidal Power Closer to Commercialisation
  • 16 minutes Washington Eyes Crackdown On OPEC
  • 3 hours Why U.S. Growers Are Betting The Farm On Soybeans Amid China Trade War
  • 8 hours Trump to Make Allies Pay More to Host US Bases
  • 38 mins US-backed coup in Venezuela not so smooth
  • 10 hours BATTLE ROYAL: Law of "Supply and Demand". vs. OPEC/Saudi Oil Cartel
  • 20 hours Solar to Become World's Largest Power Source by 2050
  • 1 day Sounds Familiar: Netanyahu Tells Arab Citizens They’re Not Real Israelis
  • 11 hours Biomass, Ethanol No Longer Green
  • 1 day THE DEATH OF FOSSIL FUEL MARKETS
  • 1 day this is why Climate Friendly Agendas Tread Water
  • 1 day Boeing Faces Safety Questions After Second 737 Crash In Five Months
  • 1 day Exxon Aims For $15-a-Barrel Costs In Giant Permian Operation
  • 9 hours Trump Tariffs On China Working
Has The U.S. Lost The Nordstream 2 Battle?

Has The U.S. Lost The Nordstream 2 Battle?

The Nordstream 2 pipeline has…

Japan's Itochu Now Producing and Selling Bioethanol in Brazil

Itochu and New York- based Bunge Limited have started a joint venture company that is now producing and selling bioethanol in Brazil.
 
The Itochu- Bunge Limited joint venture, Pedro Afonso Acucar e Bioenergia S.A., is located in Tocantins in northern Brazil.
 
Itochu holds 20 percent of the shares in the joint venture through its wholly owned Tokyo subsidiary JB BioEnergy, with Bunge Limited owning the remaining 80 percent, Japan Corporate News Network reported.
 
Itochu is also establishing bioethanol production and sales operations with Bunge in Minas Gerais in southeastern Brazil, the country’s second most populous and the second richest state at the same investment rate, with a total investment in the two projects of approximately $800 million.
 
Pedro Afonso Acucar e Bioenergia S.A began constructing its first plant in Tocantins in January 2009, which was completed in July 2010. After the successful completion of trial operations, the Tocantins plant began operating at almost full capacity in May 2011. Although the annual processing capacity of sugar cane at the Pedro Afonso Acucar e Bioenergia S.A mill is currently 2.5 million tons per year, the joint venture partners hope to be able to expand the Tocantins facility’s output to 4.4 million tons annually.
 
By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News