News International Sugar Journal

Brazil – Ethanol producer invests $283 million in cane production [Registered]

Usina de Acucar Santa Terezinha, an ethanol producer, plans to invest 500 million reais ($283 million) to expand cane production, Bloomberg reports. The company expects to build the first phase of a 300 million-real cane project in the center-west state of Mato Grosso do Sul by 2015 and will spend another 200 million reais to develop plantations for its eight existing mills, according to Sidney Meneguetti, director of Maringa, Brazil-based Santa Terezinha. Brazilian government is offering a credit line and drafting other incentives to spur investment in sugarcane production, which has dwindled since the 2008 financial crisis, Meneguetti said. Ethanol…

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