BP, Aiming For Ethanol, To Quadruple Brazil Sugarcane Capacity

Fox Business
Published February 14, 2012
Dow Jones Newswires

SAO PAULO – Global oil giant BP PLC's (BP, BP.LN) Brazilian biofuels division plans to quadruple its sugarcane-crushing capacity in the next five years as it seeks to capitalize on the growing market for ethanol, the company confirmed Tuesday.

BP Biocombustiveis, which operates three sugarcane mills in Brazil, aims for crushing capacity of 30 million metric tons of sugarcane per year by 2017, up from 7.5 million tons currently, local newswire Agencia Estado reported Tuesday, citing an interview with company President Mario Lindenhayn.

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