Brazil’s $1.7 Billion Ethanol Pipeline Seeks License This Month

Bloomberg BusinessWeek
June 15, 2010, 12:07 PM EDT
By Lucia Kassai

June 15 (Bloomberg) -- Cosan SA Industria & Comercio, the world’s biggest sugar-cane processor, and 84 more Brazilian ethanol makers this month will seek authorization to build a 3 billion-real ($1.7 billion) pipeline to ship fuel to a southeastern port from producing areas in Sao Paulo state.

The Uniduto Logistica SA joint venture will request an environmental license to build an ethanol pipeline spanning 600 kilometers (373 miles), more than the distance between New York and Pittsburgh, Chief Executive Officer Sergio van Klaveren said in an interview. It will transport the fuel to a port in Guaruja, in Sao Paulo’s southeastern coast, from Serrana, in the north of state.

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