SAO PAULO (Reuters) – Royal Dutch Shell plans to form an ethanol and fuel distribution joint venture worth up to $12 billion with Brazilian sugar and biofuel giant Cosan, becoming the latest global energy company to buy into one of Brazil’s fastest-growing industries.

The deal, announced on Monday, marks Shell’s first foray into ethanol production and follows moves by British oil company BP, which in 2008 took a stake in a big Brazilian biofuel project and unveiled $1 billion in investments.

Cosan shares jumped 12 percent in Sao Paulo, compared with a 1.1 percent gain by the benchmark Bovespa index. Shell shares rose 1.1 percent in London, outperforming a 0.3 percent rise in the Dow Jones European oil and gas index. Leer más »

JUIZ DE FORA, Brazil, Jan 19 (Reuters) – Brazil on Tuesday opened the world’s first ethanol-fueled power plant in an effort by the South American biofuels giant to increase the global use of ethanol and boost its clean power generation.

State-run oil giant Petrobras (PETR4.SA)(PBR.N) and General Electric Co (GE.N), which helped design the plant, are betting that increased use of ethanol generation by green-conscious countries will boost demand for the product.

Brazil, the top global ethanol exporter, is already in talks with Japan to develop biofuels power generation there. Leer más »

There has been quite a bit of activity in Brazil during the last few months of 2009 and it looks like it will continue. Bunge Limited announced today that it will become the 100 percent owner of Usina Moema Participacoes S.A.

Moema Par is a holding company that owns one sugarcane mill and has ownership in five others. Together the six mills, known as the Moema Group, have the capacity to crush 15.4 metric tons. This agreement, which is structured as a share exchange worth approximately $896 million, gives Bunge 60 percent effective share of the total capacity. Leer más »

Update incorporates feedback from five regional consultations and addresses concerns regarding food security, indigenous peoples and biodiversity preservation.

The Inter-American Development Bank has released a new version of its Biofuels Sustainability Scorecard, which will enable users to better anticipate the impacts of potential biofuel projects on sensitive issues such as indigenous rights, carbon emissions from land use change, and food security.  Leer más »

As they informed from the brazilian government the reedbeds sowed to obtain ethanol, would not be dangerous. Agency APÂ

The expansion of the reedbeds in Brazil to satisfy the growing demand of ethanol in the world won’t damage the Amazonas rainforest, said on Monday a high employee of the government. Â

In declarations at the beginning of a five days international conference on biofuels, the government’s general secretary, Dilma Rousseff, said that the country will announce a plan of agricultural areas very soon to specify where the cane can be cultivated, both for sugar or energy generating. Leer más »

ROME (AFP)-The United Nations Food and Agricultural Organization (FAO)Â questioned the benefits of the biofuels and requested a revision of the policies and subsidies to those products, in a report published on Tuesday in Rome.Â

The document that circulates annually under the title ‘The State of Food and Agriculture´ (SOFA), analyzes the advantages and risks of the biofuels. Leer más »