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Brazil [BIOFUELS]

Brazilian multinational energy firm Petrobras has announced that a $224bn (€163bn) four-year business plan will include $3.5bn for the biofuels sector, in an effort to triple its annual output of sugarcane ethanol.

In 2011 the company will finish the construction of a 542km pipeline to transport ethanol from the mill states of Minas Gerais and São Paulo to ports for export, with a view to carrying up to 12.9 million cubic metres of fuel annually.

Brazil is already the world’s largest exporter of ethanol and…

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