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British Petroleum is acquiring a 50 percent stake in Tropical BioEnergia SA, a Brazilian company that's currently building a new ethanol plant in Edéia, Goias State, Brazil and planning a second plant. The new plant will have a capacity of 115 million gallons of ethanol a year from sugarcane. The combined investment in the two plants will be approximately $1 billion. Tropical BioEnergia SA is already a joint venture between Santelisa Vale and Maeda Group and the two original partners wil

It stands three meters high, withstands droughts and typhoons, cares not for high-quality soil and yields twice as many stems as most sugarcane. It's formally known as high-biomass sugarcane, but the Japanese are calling it Monster Cane. Asahi Breweries Ltd. and the National Agricultural Research Center for Kyushu Okinawa Region jointly developed this uncanny variety as the country's first endeavor into commercial production of ethanol for fuel as the lack of excess farm produce and high costs h