BP sees bright future for Brazil with RenovaBio

In Brazil, Reuters reports that BP believes RenovaBio has put a positive spin on the future biofuels in the country and that the president-elect who comes into office on January 1 isn’t expected to put up obstacles to its implementation in 2020 as planned. The company has not discarded the idea of further acquisitions in light of the future demand for ethanol RenovaBio should generate. It currently owns three ethanol plants in conjunction with Copersucar.