Japan’s Sumitomo to invest $280 million in Brazilian ethanol

In Japan, Sumitomo disclosed to the Bloomberg news service that it is planning to invest up to $281 million in an ethanol joint venture in Brazil. The company did not disclose the partner, but said that it would hold less than a 50 percent stake in the venture. In related news, Sojitz said that its joint venture with Brazil’s Odebrecht will raise it’s production capacity to 793 million gallons by 2015, six years ahead of the previously announced capacity ramp-up schedule.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Japan’s Cosmo Oil announces $800 million biofuels feedstock project for Papua New Guinea

In Papua New Guinea, Japan's Cosmo Oil announced that it intends to invest $800 million in the prospective development of corn, cassava and peanuts as biofuels feedstocks. The company said that it ...

Etanol de Costa Rica to invest in ethanol dehydration plant in Barbados; will process Brazilian ethanol for US market

In Barbados, the Brazilian ethanol producer Etanol de Costa Rica said that it would invest in a $36 million, 132 Mgy ethanol project that would refine Brazilian ethanol for export to the US through th...

Japan’s Sojitz, Brazil’s Braskem announce ethanol deal

In Brazil, Japanese trading house Sojitz announced contracts with the Brazilian ethanol producer  Braskem for a long-term supply of ethyl tertiary butyl ether (ETBE), which will be supplied to custom...

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 ...

Comanche Clean Energy to invest $14 million in Brazilian biodiesel plant upgrade

In Brazil, Comanche Clean Energy will invest US$14 million to increase production at its Simões Filho biodiesel plant in Bahia state. The upgraded facility will have a capacity of 26 Mgy from co...

Louis Dreyfus to invest $1 billion in 33 percent, 5 million ton sugar, ethanol expansion in Brazil

In Brazil, the Louis Dreyfus ethanol unit LDC Bioenergia said that it would increase its production capacity by 33 percent, or five million tones, and invest an additional $1 billion in Brazilian suga...