SOURCE: Industrial Info Resources

Industrial Info Resources

February 18, 2010 05:00 ET

Two Ethanol Pipelines Worth More Than $1 Billion Each to Be Constructed in Brazil, an Industrial Info News Alert

CORDOBA, ARGENTINA--(Marketwire - February 18, 2010) -  Researched by Industrial Info Resources (Sugar Land, Texas) -- Two companies are developing projects to construct ethanol pipelines in 2010, in the southeastern region of Brazil, where most sugarcane-based ethanol plants are located. The objective is to transport fuel ethanol to distribution centers that supply the internal market and to port facilities for the external market. The projects are worth more than $1 billion dollars each. One of the companies is a joint venture composed of state oil company Petroleo Brasileiro SA (NYSE:PBR) (Petrobras) (Rio de Janeiro), Mitsui & Company Limited (TYO:8031) (Tokyo, Japan) and Brazilian engineering firm Camargo Correa S.A. (Sao Paulo). The other company, Uniduto Logistica S.A. (Sao Paulo), was established by the owners of 88 sugarcane plants.

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