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 sugar and ethanol operations by 2010. The company indicated that it was looking for debt-laden mills weakened by the economic crisis that would be available at an attractive acquisition price.

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