Brazil gov't bank backs doubling of ethanol output

Newswire

RIO DE JANEIRO, Brazil, Aug 25 (Reuters) - Brazil's BNDES national development bank signed an agreement on Monday with government crop research arm Embrapa and state-owned oil giant Petrobras to double production of cane-based ethanol in the world's largest sugar cane grower. "This (agreement) addresses a protocol for joining forces to build economic and technical bases to transform the country into a large center for bioenergy," said BNDES president Carlos Lessa during a seminar on fuel ...

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