After the article written by President Lula for the Guardian a few days ago, the Financial Times published today an article about the success of Brazilian ethanol. The article focuses on the investments made on the production of sugar cane ethanol and the positive outlook for the future: “Optimists speak of the country as a green Saudi Arabia, whose combination of land, climate and technology could make it the biggest producer of efficient bioethanol”.
The national industry is attracting international investors such as Singapore’s Noble Group and the U.S. private equity group Infitinity Capital. According to Unica, the sugar and alcohol industry association, “investors will build one new sugar and alcohol mill in Brazil every month for the next six years; projects already under way…will absorb nearly $15bn”.
Can you find this alcoho in the US?