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ethanol

St1 inks MoU for bioethanol project in Thailand

St1, a Finnish energy company, has signed a memorandum of understanding (MoU) with Ubon Bio Ethanol to launch a pilot project of the production of bioethanol from cassava waste, with the aim of setting up a joint venture for ethanol production in Thailand. Thailand is a forerunner in use of renewable energy. The country uses over 3 million litres of ethanol per day as transport fuel, and…
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Petrobras sells ethanol stake to sugar maker Tereos

Petrobras Biocombustível has announced an agreement to sell its shares in Guarani, a Brazilian sugar and ethanol producer, to Tereos Participations, an arm of French group Tereos, for $202 million (€192m). According to Petrobras Biocombustível, a wholly-owned subsidiary of Brazil-based oil company Petrobras, Guarani is the third largest sugar producer in Brazil. It operates eight…
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