Reuters - U.S. company Amyris Biotechnologies
and Brazilian sugar and ethanol group Crystalsev have formed a
joint venture to produce and sell the first commercial diesel
made from sugar cane instead of oilseeds like soy and canola.,
both sides said on Wednesday.
Amyris developed the so-called second-generation biofuels technology, using microorganisms to take juice extracted from crushing sugar cane and transform it into a biodiesel closely resembling the fossil fuel.
Brazil has been the world's largest producer of ethanol from sugar cane for nearly three decades and the country has more than 30,000 filling stations that market the biofuel [blend].
Total production within the first five years of operation is expected to reach 1 billion gallons, including the first plant and other units to be built.
Santelisa Vale is controlled by the Biagi family, which holds 67 percent of the group's capital, but also has minority partners including the investment arm of Brazil's BNDES development bank, BNDESPar, Goldman Sachs and the Junqueira family, which controls major cane milling assets in Brazil.
RLCC Comment: Using land for this is irresponsible and selfish. Brazilians are cutting down the rain forest for land. They are using land to grow fuel which land should be used to grow organic food.
You will also note that one family holds a controlling interests in the company. They are part of the Brazilian oligarchy.
, obtained via: , April 23, 2008, 9:37am