Oil major BP said it plans to quadruple its cane crushing capacity in Brazil within five years, renewing its confidence in a sector that saw a lag in new investments over the past few years. The increase should be through the expansion of its current units and the construction of new plants.
“In our vision, ethanol will be a global commodity, therefore we aim to have low cost operations… big scale units,” said the head of BP Biofuels in Brazil, Mario Lindenhayn.
…Full text: www.soyatech.com/news_story.php?id=25353
Source: Soyatech.com, 2011-09-26.