Mitsubishi In 30-Year Ethanol Supply Deal With Brazilian Producer
26 March 2007
Nikkei. Mitsubishi has signed a 30-year contract with Brazil’s Grupo Sao Martinho for the supply of ethanol.
The fuel supplied through the contract would be equivalent to roughly 15% of Japan’s total annual ethanol needs.
Mitsubishi will take a 10% equity stake in Usina Boa Vista, a subsidiary of Grupo Sao Martinho, thereby becoming the first Japanese company to invest directly in a Brazilian ethanol producer.
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