Wednesday, May 23, 2012

The race for second-generation bioethanol in Brazil

An Italian company is attempting to break into Brazil’s expanding bioethanol market with an agreement to build what could be the country’s first second-generation plant to produce fuel from the residue of sugar cane on a commercial scale.

Mossi & Ghilsofi (M&G), an engineering and chemicals group based in Tortona, northern Italy, said it would sign a €150m deal on Wednesday with Graal Bio, part of the Gradin family’s Graal Investimentos vehicle, in São Paulo.

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