• 3 minutes Looming European Gas Crisis in Winter and North African Factor - a must read by Cyril Widdershoven
  • 7 minutes "Biden Targets Another US Pipeline For Shutdown After 'Begging' Saudis For More Oil" - Zero Hedge Monday Nov 8th
  • 12 minutes "UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System" by Whitney Webb
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days Building A $2 Billion Subsea Solar Power Cable From Chile To China
  • 10 hours China's aggression is changing the nature of sovereignty.
  • 20 hours Hunter Biden Helped China Gain Control of Cobalt Mines in Africa
  • 23 hours CO2 Electrolysis to CO (Carbon Monoxide) and then to Graphite
  • 1 day OPEC+ Expects Large Oil Glut In Early 2022
  • 5 hours Ukrainian Maidan after 8 years
  • 22 hours NordStream2
  • 5 hours Delta variant in European Union
  • 19 hours President Biden’s Nuclear Option Against OPEC+ - Waste of Time
  • 1 day Microbes can provide sustainable hydrocarbons for the petrochemical industry
  • 1 day Forecasts for Natural Gas
  • 4 days "Gold Set To Soar As Inflation Fears Mount" by Alex Kimani
  • 2 days Big Bounce: Russian gas amid market tightness - new report by Oxford Institute for Energy Studies
OPEC+ Expects Large Oil Glut In Early 2022

OPEC+ Expects Large Oil Glut In Early 2022

OPEC+ expects the global oil…

Drilling Is Picking Up In The U.S. Shale Patch

Drilling Is Picking Up In The U.S. Shale Patch

U.S. shale drillers have significantly…

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

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News