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Brazil investing about $500m in ethanol research

sugarcaneJust spotted this entry in AutoblogGreen, which discusses the Brazilian biofuel market–currently booming off the back of Brazil’s extensive sugar cane industry, a hugely efficient biofuel source. The country’s clearly focused on it, given the investments it’s making:

Nevertheless, Brazil is investing 1 billion Reais (about half a billion dollars) in ethanol research. Current ethanol exports are 3,4 billion liters for 2006 and previsions state a whopping 8 billion liters for 2010. Brazil is also exhaustively collaborating with other Latin American countries to develop a biofuel industry.

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