Bolivia’s national oil company to invest $49 million in ethanol blending

In Bolivia, Prensa Latina reports that the national oil company will invest $49 million over the next five years in anhydrous ethanol blending with an initial $4 million investment in anhydrous ethanol storage and some blending equipment. Eventually the company expects to blend 360 million liters annually but during the first stage will blend 80 million liters. Ethanol will be sourced from domestic producers in the Santa Cruz region. The government first announced its plans for ethanol blending in March.