News International Sugar Journal

BP boosts Brazilian biofuels commitment [Registered]

BP has confirmed its commitment to biofuels by bidding for majority control of the Brazilian ethanol and sugar producer Companhia Nacional de Açúcar e Álcool (CNAA). When CNAA’s assets are fully developed, this is expected to increase BP’s overall Brazilian production capacity to around 1.4 billion litres of ethanol per year. Each mill will also have the capacity to supply approximately 340GWh of bioelectricity per annum to the grid. Following the acquisition, which is subject to regulatory approval and agreed closing conditions, BP will become the operator of two producing ethanol mills, located in the Centre-South states of Goiás and…

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