Brazilian ethanol plant receives new lease of life

It has been reported an idle ethanol and sugar plant in Rio de Janeiro, Brazil has found a new buyer.

Brazilian engineering company Montagens and Projetos Especiais (MPE) is believed to be spending $31.2 million (€24 million) to modernise the Usina Sapucaia sugarcane mill, as well as planting crops too.

Local news reports claim Usina Sapucaia filed for bankruptcy three years ago and has not been processing crops during the last few seasonal harvests.