Japan’s Sojitz company takes 33 percent stake in Brazil’s ETH Bioenergia

In Japan, Sojitz agreed to acquire a 33 percent stake in ETH Bioenergia for $80 million. ETH Bioenergia, a subsidiary of Oldebrecht, will produce 259 Mgy of ethanol.

Earlier this month, Oldebrecht and Angolan and Brazilian companies Sonangol and Damers formed the Biocom joint venture to produce ethanol, electricity in Angola.

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