Comanche Clean Energy to invest $300 million in Brazilian ethanol and biodiesel

In Brazil, Comanche Clean Energy will invest $300 million in ethanol and biodiesel production in the state of Maranhao. The ethanol plant will have a capacity of 79 Mgy, while the biodiesel operation has a planned capacity of 38 Mgy. Last year, Comanche acquired two ethanol plants in Sao Paulo state and a biodiesel facility in Bahia for $150 million.

The Brazilian government has targeted reaching a B5 biodiesel blend level by 2013. Brazil has set a B2 blending mandate effective in January 2008, and the director general at the National Petroleum, Natural Gas and Biofuel Agency (ANP), said that he expected that there would be enough biodiesel to cover more than twice the amount mandated.

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