Copersucar Partners with BP on Ethanol Complex in Brazil
(Reuters) Brazil’s Copersucar, one of the world’s largest ethanol merchants, and BP’s Brazil unit said on Thursday they will form a 50-50 logistics joint venture in the country.
The venture will operate Copersucar’s recently built ethanol storage complex in the Brazilian city of Paulínia, the country’s largest fuels hub.
“This partnership will allow BP to sharply increase its commercial presence in Brazil,” Mario Lindenhayn, country head for BP, said in the statement. READ MORE