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New Grupo Ypioca sugarcane processing plant in Brazil to produce cachaça, ethanol, neutral alcohol, anhydrous alcohol

In Brazil, caipirinha fans in the biofuels industry will be delighted to learn that the new Grupo Ypioca sugarcane plant in Ceara state will not only be the world’s largest maker of cachaça at 23 Mgy, but also have a 13 Mgy ethanol capacity as well. The plant will have the technology to manufacture Cachaca, [...]

Australia’s CSR to spin off sugar, ethanol, power entity

In Australia, CSR announced that it intends to split into two entities, with a new spin-off focused on the company’s operations in sugar, ethanol and electricity. The company said that it would raise $375 in a rights issue to provide full capitalization to the new sugar and ethanol entity, which has not been named.
The company [...]

Rising sugar prices as Indian sugar crop fails – trouble looming for Brazilian sugar ethanol

In Brazil, raw sugar prices have risen to their highest levels since 1981. A 3% rise this week to $0.2155 per pound reflected the failure of the Indian sugar crop as well as rising demand for sugar ethanol in Brazil.
Overall, the Indian sugar crop fell 45 percent for 2008-09 compared to the previous year, and [...]

Jatropha, sugarcane ethanol development vital to Domican Republic, says foundation exploring long-term capital options

At the UN, the Public-Private Alliance Foundation brought delegates from Brazil, Dominican Republic, USA, Honduras and Haiti to examine the potential to cultivate bio-fuels, with a focus on the Dominican Republic. The high-level group, meeting at the “Partners Against Poverty” event, concluded hat access to long-term capital is the major barrier to cultivation of jatropha [...]

Baja Hindustan reels from sugar losses, Indian pricing policy; ethanol investments in jeopardy

In India, shares of Bajaj Hindusthan have plummeted 84% this year from its highs in January, and the company has reported losses of $9 million for the year after the High Court ruled that sugar manufacturers had to purchase sugar cane at a state-mandated price that is 50 percent above the state minimum price. The [...]

Pacific West reaches power agreement with Kauai Island Utility Co-op, advancing planned sugarcane ethanol, power project

In Hawaii, Pacific West Energy said that it had reached an agreement with Kaua’i Island Utility Co-op critical to its development of a planned 15 Mgy sugar ethanol and 30 MW power facility. Pacific West, which lost landowner and sugar cane planter Gay & Robinson as a project partner this fall, is proceeding to raise [...]