Brazil opens world's first ethanol-fired power plant

Reuters
Tue Jan 19, 2010 3:32pm EST
By Denise Luna

JUIZ DE FORA, Brazil, Jan 19 (Reuters) - Brazil on Tuesday opened the world's first ethanol-fueled power plant in an effort by the South American biofuels giant to increase the global use of ethanol and boost its clean power generation.

State-run oil giant Petrobras (PETR4.SA)(PBR.N) and General Electric Co (GE.N), which helped design the plant, are betting that increased use of ethanol generation by green-conscious countries will boost demand for the product.

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