BP buys 50 percent stake in Brazilian ethanol venture
The first refinery should start operations in the second half of this year and should hit full capacity in 2010. Supplies from the plants will be targeted at the domestic Brazilian market and could eventually be exported. The plants will both feature cogeneration capabilities using leftover materials after the sugar cane is crushed. The two plants are each expected to have 30MW of surplus electricity that they can sell in addition to the ethanol.
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