Brazil Odebrecht to invest 5 bln reais in ethanol


SAO PAULO, June 27 (Reuters) - Brazil's construction and petrochemical conglomerate Odebrecht said on Wednesday it plans to invest 5 billion reais ($2.57 billion) in cane sugar and ethanol production over eight years, making it one of the single biggest investors in the sector. The mills the company plans to build will have a crushing capacity of 30 million to 40 million tonnes a year, said Ruy Sampaio, director of investments at Odebrecht. The company wants to become one of the biggest ...

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