Louis Dreyfus becomes ethanol world’s number two
Another foreign company is climbing the Brazilian ethanol ladder to create the second-largest sugar and ethanol group in the world.
France-based Louis Dreyfus' Brazilian affiliate Louis Dreyfus (LD) Commodities Bioenergia has bought the Brazilian sugar and ethanol group Santelisa Vale.
The combined company, LDC-SEV, will have 13 ethanol plants and 40 million tonnes a year sugarcane crushing capacity, making it the second largest ethanol player globally, the company says.
Companies involved in ethanol production in Brazil have been predominantly owned by local Brazilian families.
By law all petrol sold in the domestic market must contain an anhydrous ethanol content of 20-25%, and flex-fuel cars currently account for around 90% of all new car sales.
France-based Louis Dreyfus' Brazilian affiliate Louis Dreyfus (LD) Commodities Bioenergia has bought the Brazilian sugar and ethanol group Santelisa Vale.
The combined company, LDC-SEV, will have 13 ethanol plants and 40 million tonnes a year sugarcane crushing capacity, making it the second largest ethanol player globally, the company says.
Companies involved in ethanol production in Brazil have been predominantly owned by local Brazilian families.
By law all petrol sold in the domestic market must contain an anhydrous ethanol content of 20-25%, and flex-fuel cars currently account for around 90% of all new car sales.
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