World News and Views :: Projects
Chemical Firms Find Brazil Fertile Ground for Green Projects
12:17 PM MST | November 10, 2008 | Rebecca Coons
Recent oil price volatility, anticipated growth in consumer demand for green plastics, and the relatively low cost of sugar cane-derived ethanol have caused a rush of investments in ethanol-based “green” polymers in Brazil. The trend has been a boon for Brazil’s sugar cane and associated industries, with firms planning more than $4 billion in related investments in the last several months alone. Brazil produces 40% of the world’s ethanol, which is about 25% cheaper to produce than the U.S. ethanol produced from corn, executives say. Green...
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