Petrobras, Mitsui Get License to Build $1.1 Billion Ethanol Pipeline

Bloomberg
By Lucia Kassai - Jul 7, 2010

Petroleo Brasileiro SA, Mitsui & Co. and Camargo Correa SA got a preliminary environmental license to build a $1.1 billion ethanol pipeline in Brazil.

The 542-kilometer (337-mile) pipeline, set to start up in the second half of 2011, will link mills in the states of Minas Gerais and Sao Paulo to the Atlantic coast, according to a regulatory filing today.

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