Bunge To Invest $750M In Brazil Ethanol Operation

TradingMarkets.com
Posted on: Fri, 09 Apr 2010 14:09:12 EDT


SAO PAULO, Apr 09, 2010 (Dow Jones Commodities News via Comtex) --

Bunge Ltd. plans to invest $750 million in its existing sugar and ethanol operations in Brazil, the company said Friday.

Bunge intends to raise its cane-crushing capacity at three existing mills to 13.4 million metric tons in three years from 7.4 million tons currently, a company spokeswoman said.

In total, Bunge's eight Brazilian mills should crush 21 million tons of cane in the new 2010-11 crop season.

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