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Firms to Invest $4 Billion in Brazilian Ethanol by 2013

11:56 AM MDT | September 26, 2008 | Kara Sissell

Several companies have recently announced investments totaling about $4 billion in sugar cane-to-ethanol ventures in Brazil, including a joint venture of Bunge and Itochu to spend $800 million on two plants. Itochu will invest to expand Bunge’s mill at Santa Juliana in Brazil’s Minas Gerais state from 1.6 million m.t./year, to 4.2 million m.t./year by 2011, the companies say. The jv also plans to build a greenfield ethanol mill, but it did not provide details on its location, capacity, or anticipated startup. Itochu will take a 20% stake in...

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