ADM and Cabrera form ethanol project
US-based agriculture company Archer Daniels Midland and Brazil's Grupo Cabrera have an agreement to form a joint venture to produce ethanol from sugarcane.
The partnership will bring together ADM's expertise in ethanol production, logistics and marketing with Cabrera's knowledge of sugarcane agriculture and production.
'As the world's need for food and energy grows, agriculture will provide renewable, responsible solutions,' John Rice, ADM executive VP, Commercial and Production, says. 'This joint venture will leverage the expertise of both participants to meet growing Brazilian demand for ethanol.'
The joint venture will construct two processing complexes, each consisting of a sugarcane plantation, a sugar mill, an ethanol distillery and a biomass-powered cogeneration facility to provide power and steam.
The complexes will be located in Limeira Do Oeste in the state of Minas Gerais, and Jatai in Goias. Upon completion, each mill will have crush capacity of three million tonnes a year.
'Brazil has the ingredients required for sustainable agriculture: abundant arable land, ideal climate, and advanced agricultural technology,' Grupo Cabrera owner Antonio Cabrera says.
The partnership will bring together ADM's expertise in ethanol production, logistics and marketing with Cabrera's knowledge of sugarcane agriculture and production.
'As the world's need for food and energy grows, agriculture will provide renewable, responsible solutions,' John Rice, ADM executive VP, Commercial and Production, says. 'This joint venture will leverage the expertise of both participants to meet growing Brazilian demand for ethanol.'
The joint venture will construct two processing complexes, each consisting of a sugarcane plantation, a sugar mill, an ethanol distillery and a biomass-powered cogeneration facility to provide power and steam.
The complexes will be located in Limeira Do Oeste in the state of Minas Gerais, and Jatai in Goias. Upon completion, each mill will have crush capacity of three million tonnes a year.
'Brazil has the ingredients required for sustainable agriculture: abundant arable land, ideal climate, and advanced agricultural technology,' Grupo Cabrera owner Antonio Cabrera says.
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