Brazil seeing sweet profit from sugar cane-based ethanol

08:15 AM CDT on Tuesday, May 6, 2008
By JIM LANDERS / The Dallas Morning News

COSTA RICA, Brazil – The other side of ethanol, vilified as a cause of soaring food prices and hunger, can be seen in Brazil, where farmers are pushing down energy costs – both at the pump and the electricity meter.

Twenty thousand acres of sugar cane are sprouting through the red soil around this small town, destined for fuel tanks across the world. It's the start of a $2.7 billion ethanol project put together by Brazil Renewable Energy Co., or Brenco, a private venture financed by U.S. and Brazilian investors.

Read the full story