in this issue
Regions :: South America :: Brazil
BP Expands Biofuel Business with Two Acquisitions
9:24 AM MDT | September 14, 2011 | Lindsey Bewley
BP says it will increase its share in Brazilian biofuel company Tropical BioEnergia to 100% by acquiring the remaining 50% of the company from its current joint venture partners for $71 million. BP's current jv partners in Tropical BioEnergia are Maeda S.A. Agroindustrial (Itumbiara, Brazil) and LDC-SEV Bioenergia S.A. (São Paulo); each holds a 25% stake in the jv. BP will become the owner and operator of Tropical BioEnergia’s producing ethanol mill, located at Edéia, Brazil. BP intends to double capacity at the site to a capacity of 5...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee