By Nigel Hunt and Ikuko Kurahone.LONDON | Thu Sep 29, 2011 3:30pm BST

LONDON (Reuters) – Major British independent oil firm Greenergy sees its future as an exploration company, but one that hunts for fuel in piles of stale pork pies and cakes rather than under the ground or from food crops.

The refined oil product wholesaler is still investing in the embattled European Union biodiesel sector, aiming to utilise ever more challenging waste products after abandoning, at least for now, the widely criticised use of virgin vegetable oils. Leer más »

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 »