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Sempra Commodities Signs 20 Year Ethanol Marketing Agreement With Etanalc S.A.
By Mr Ethanol | October 9, 2007
Trading Markets:
Sempra Commodities, the commodity-marketing unit of Sempra Energy, an energy services holding company, reported on 8 October thatit has signed a 20-year marketing agreement with Etanalc S.A for the ethanol produced from Etanalc’s three new ethanol distilleries under development.
Ethanol is a non-toxic, water-soluble and quickly biodegradable fuel that, when blended into gasoline, is effective in reducing motor-vehicle emissions.
Each ethanol plant is expected to be supported by 30,000 hectares of land, 3 million tons of sugar-cane production, as well as co-generation of electrical energy. The first three distilleries will be located in Pedro Afonso, Colinas and Guarai in the state of Tocantins, Brazil, with ethanol production expected to start in 2010.
Topics: Ethanol, Investing, News |
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