Arab Today, arab today bp takes over brazilian biofuel company
Last Updated : GMT 11:26:44
Arab Today, arab today
Arab Today, arab today

BP takes over Brazilian biofuel company

Arab Today, arab today

Arab Today, arab today BP takes over Brazilian biofuel company

Rio De Janeiro - Xinhua

British oil giant BP said Wednesday it is taking over Tropical BioEnergia after purchasing a 50-percent stake in the Brazilian biofuel company. BP acquired a 25-percent stake from LDC-SEV Bioenergia and the other 25-percent stake from Maeda Agroindustrial group, one of Brazil\'s main cotton producers. The transaction, still pending official approval from Brazil\'s regulatory authorities, is worth a total of 71 million U.S. dollars. If the deal is approved, BP would be able to renovate the ethanol plant located in Edeia of central Goias state, boosting annual production to 450 million liters of ethanol and 5 tons of sugarcane within a year. \"This is a significant step for BP\'s global strategy which helps us demonstrate our commitment to the Brazilian sugar and energy sector, and enable us to produce competitive biofuels in a sustainable way,\" BP Biofuels Vice President Philip New said in a statement. Mario Lindenhayn, chief of BP Biofuels in Brazil, said that next to other purchases, the agreement \"establishes a solid platform to increase our capacity to produce biofuels for domestic and international markets.\" In a separate purchase announced Wednesday, BP upped its share holdings to 86 percent in the National Sugar and Alcohol Company (CNAA). BP said it had reached an agreement with Brazil\'s main sugar and ethanol producing company to buy 3 percent of the company\'s shares for 25 million dollars. BP bought 83 percent of the CNAA in April for 680 million dollars.  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bp takes over brazilian biofuel company Arab Today, arab today bp takes over brazilian biofuel company

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday