Inter-American Development Bank leaders gather in Miami to debate next steps in biofuels
The leaders of the Inter-American Bank have gathered in Miami this week, with Latin American financing of energy projects in the spotlight. The IDB set sustainable production of biofuel as a priority last year, but refinanced only one $120 million Brazilian ethanol plant last year, while commissioning $1.5 million in studies of biofuels commercialization potential in El Salvador, Guatemala and other countries. IDB president Luis Alberto Moreno said that lack of information was a barrier to development.
President of Inter-American Development Bank says “no region will benefit more from biofuels than Latin America”Luis Alberto Moreno, the President of the Inter-American Development Bank, speaking at the Americas Conference in Miami, said "there is no region that can gain more from biofuels than Latin America an...
Inter-American Development Bank, Japan, award $1.5 million to Colombia for biofuels market developmentIn Colombia, The Inter-American Development Bank awarded $1.5 million grant to the Government of Colombia for the development of a long-term plan to generate renewable energy.
The grant was compose...
Petrobras and Cosan lock horns over Brazilian ethanol pipeline; Cosan fears a lock-out if the pipeline proceedsIn Brazil, Petrobras, the state oil company and Cosan, the largest ethanol group, are at odds over a Petrobras plan to build a state-owned pipeline to transport ethanol. "If Petrobras has the logistic...
Bunge to invest $639 million in three Brazilian ethanol plants: reportIn Brazil, it has been reported in Valor Economico that Bunge will invest $639 million in three sugar ethanol plants in Tocantins state, in the north of Brazil. The new plants, the first of which will...
Caribbean, Latin leaders discuss ethanol strategy to revive sugar productionCaribbean and Latin American government officials, meeting in Miami, said that ethanol would provide a means of reviving the Caribbean sugar industry which had been crushed by competition from Brazil....
Studies from the Inter-American Development Bank (IDB) highlight biofuel opportunities in Latin America and the CaribbeanA new Inter-American Development Bank (IDB) study examines biofuel opportunities in Barbados, Jamaica and Guyana. The report discussed the 6 million gallon ethanol target for Barbados, to cover domest...
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