Brazil sugarcane industry eyes EU biofuel market
Sao Paulo, Brazil, Jan 24, 2008
Source: AFP
http://afp.google.com/article/ALeqM5goQpr15wNPArazFwqOy3z5Lf95QA
Brazil, the world leader in making ethanol from sugarcane, is homing in on Europe’s biofuel market following a decision by the European Commission to combat climate change by reducing the dependency on petrol. The EU plan calls for biofuels to be used in at least 10 percent of fuels used in transport in the 27-nation bloc by 2020. For Brazil’s sugarcane industry, the news is seen as a golden export opportunity.
(more…)