Crystal Ball
Financial Times today...
Biofuels industry courts private investors
By Jude Webber in Buenos Aires
Published: May 15 2007 20:38 | Last updated: May 15 2007 20:38
As Latin America’s traditional producers of cereals, oils and sugar jump on the biofuels bandwagon, private investors are increasingly being courted to finance a host of new ethanol and biodiesel ventures.
Up to $4bn (€3bn, £2bn) will be needed in Brazil alone to triple production of ethanol from sugar cane by 2020. Brazil produces almost half the world’s ethanol and has secured more than $2.5bn in financing from the Inter-American Development Bank to help it achieve its output goal.
Meghan Sapp in Latin Trade, June 2006...
Sweet Deal
Brazilian companies send ethanol technology abroad to make money, and to improve life in poorer countries.
Brazilian sugar companies are spreading the gospel of ethanol—fuel made from sugar or corn—across the developing world, from the Caribbean to sub-Saharan Africa. Though ethanol has been used as a fuel in Brazil for more than three decades, demand for it only began to pick up after oil skyrocketed on the sudden awakening of the Chinese economy.
As famous names such as U.K. billionaire Richard Branson, Sun Microsystems Founder Vinod Khosla and Microsoft’s Bill Gates write checks into the hundreds of millions of dollars in the race for green fuels, Brazilian companies are already there, doing deals. “Brazil is doing everything it can do to help other countries,” says Paul Wrobel, commercial advisor on sugar and ethanol issues at the Brazilian embassy in London. “It is an intent of Brazil to make the Brazilian experience well known all over the world and make ethanol an international commodity. Brazil cannot be the only world supplier if demand picks up.”
Biofuels industry courts private investors
By Jude Webber in Buenos Aires
Published: May 15 2007 20:38 | Last updated: May 15 2007 20:38
As Latin America’s traditional producers of cereals, oils and sugar jump on the biofuels bandwagon, private investors are increasingly being courted to finance a host of new ethanol and biodiesel ventures.
Up to $4bn (€3bn, £2bn) will be needed in Brazil alone to triple production of ethanol from sugar cane by 2020. Brazil produces almost half the world’s ethanol and has secured more than $2.5bn in financing from the Inter-American Development Bank to help it achieve its output goal.
Meghan Sapp in Latin Trade, June 2006...
Sweet Deal
Brazilian companies send ethanol technology abroad to make money, and to improve life in poorer countries.
Brazilian sugar companies are spreading the gospel of ethanol—fuel made from sugar or corn—across the developing world, from the Caribbean to sub-Saharan Africa. Though ethanol has been used as a fuel in Brazil for more than three decades, demand for it only began to pick up after oil skyrocketed on the sudden awakening of the Chinese economy.
As famous names such as U.K. billionaire Richard Branson, Sun Microsystems Founder Vinod Khosla and Microsoft’s Bill Gates write checks into the hundreds of millions of dollars in the race for green fuels, Brazilian companies are already there, doing deals. “Brazil is doing everything it can do to help other countries,” says Paul Wrobel, commercial advisor on sugar and ethanol issues at the Brazilian embassy in London. “It is an intent of Brazil to make the Brazilian experience well known all over the world and make ethanol an international commodity. Brazil cannot be the only world supplier if demand picks up.”
posted by Greg Brown at 2:55 PM
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