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Tuesday, 07 October, 2008, 14:40 GMT | more prices >>

BP makes Brazil biofuels debut


News wires

UK supermajor BP has taken a 50% stake in Brazilian biofuels producer Tropical Bioenergia, marking its entry in Brazil's booming ethanol sector.

BP added it would invest 1.66 billion reais ($1 billion) in two new ethanol plants in Brazil, a Reuters report said.


Thursday, 24 April, 2008, 14:29 GMT  | last updated: Thursday, 24 April, 2008, 14:29 GMT

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