BP mulls biofuels production in Brazil -exec

Newswire

By Andrei Khalip RIO DE JANEIRO, March 27 (Reuters) - BP Plc is mulling strategies for a possible entry into Brazil's booming ethanol industry as it diversifies from core fossil fuels activities to biofuels, a senior official at the oil major said on Tuesday. "Sugar cane seems to be the most appealing source of feedstock and Brazil seems to be the place where it is done best," said Philip New, vice president of BP's fuels management group. "We are very excited about everything that ...

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