Brazil to Invest $2.85 Billion in Renewable Energy Research

June 3, 2013 |

In Brazil, the government plans to invest $2.85 billion in renewable energy and biofuel technology research. The funds will assist companies like Bunge Ltd. and Petroleo Brasileiro SA to develop high-margin chemicals and increase ethanol output. Brazil seeks to be a leader in next generation biofuels development after a decade of underinvestment in research.

Category: Research

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