Cargill’s Brazil unit to build new corn ethanol plant
Cargill will build a corn ethanol plant next to its sugarcane facility in Goiás, Brazil, expanding its biofuels footprint. The company, operating as Cargill Bioenergia, already produces ethanol from both crops in the region. This follows its February purchase of a 50% stake in SJC Bioenergia.
SAO PAULO, Aug 15 (Reuters) – A unit of U.S.-based grain merchant Cargill will build a corn ethanol plant adjacent to its sugarcane plant in Brazil’s Center-Western state of Goias, the company said on Friday.
Agribusiness portal AgFeed reported the plans first. Cargill confirmed the business decision but declined to disclose other details of the project.
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Cargill already produces ethanol from sugarcane and corn in Goias. The company’s biofuels subsidiary in Brazil is called Cargill Bioenergia.
The new plant’s construction is another step by Cargill to grow production of biofuels in Brazil, a global grains powerhouse.
In February, Cargill agreed to purchase a 50% stake in SJC Bioenergia, giving it control of the company’s assets in the towns of Quirinopolis and Cachoeira Dourada, both in Goias.
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Source : Reuters
