BP announces $350-million sugarcane ethanol expansion

BP says it plans to invest $350 million to expand its ethanol processing capabilities at its Tropical sugarcane mill in Goiás, Brazil. The investment, which includes construction of a new mill, will double the site's annual sugarcane processing capacity to 5-million tons and enable BP to produce 450-million liters of ethanol per year at the site. The mill is expected to be operating at full capacity by the end of 2014 or early 2015. The announcement closely follows BP's decision to ax a commercial-scale cellulosic ethanol unit in Florida, citing "other more...

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