Brazil to Invest $38 Billion in Pumping Up Ethanol

DomesticFuel.com
Posted by Cindy Zimmerman – February 27th, 2012

Brazil is reportedly planning to pump $38 billion into its ethanol sector to help increase production.

A statement from Brazil’s Ministry of Agriculture said the purpose of the government plan is to “meet growing national demand and the potential of the foreign market for ethanol” by stimulating private sector investments in the production of ethanol, which have declined due to market conditions.

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