Brenco announces Brazilian sugarcane ethanol distribution with Netherlands’ Lyondell Basell; investigating pipeline, two more ethanol projects

In Brazil, Brenco announced a multiyear agreement to sell sugarcane ethanol to the Netherlands’ Lyondell Basell, which will distribute fuel to the US. Brenco is constructing 100 Mgy in ethanol capacity  at two mills that will open in 2009, in Mato Grosso state. Brenco’s longer-term strategy is to build four sugarcane ethanol plants, including plants in Goias and Mato Grosso do Sul states. Brazilian national development bank BNDES will hold a 15-20 percent stake in the plants, according to Valor Economico. Brenco is also planning an ethanol pipeline from Mato Gross to the port of Santos.

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