Brazil’s Sugar, Ethanol Business Needs $80 Billion, Unica Says

Bloomberg
By Isis Almeida - Jun 22, 2011 7:52 AM CT .

Brazil’s sugar and ethanol industry needs $80 billion of new investment in the next 10 years to meet global demand, according to industry association Unica.

About 250 new plants are needed to process the country’s sugar cane, and “only” five are starting this year, Geraldine Kutas, a senior adviser at Unica, said in an interview at a conference in Brussels today. New investment has been limited because of reduced profits in biofuels, she said.

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