BP commits $350m for Tropical ethanol project

In Brazil, BP has committed to spending $350m to double the capacity of its Tropical ethanol project, which the company committed to do when it took full ownership of the project last year. The expansion will be complete by the end of 2014 or early 2015, and will develop 35,000 hectares of plantations to bring the facility’s capacity up to 5 million tons.

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