Greentech Lead Brazil: Brazilinvest Group has launched a
new oil and biofuel company, Brasilinvest Oil, Gas and Biofuel (BOB).
Paulo Roberto Costa, former director of Petrobras will
lead the new firm which focuses on biofuel production from sugarcane.
Brazilinvest Group has a great history to share in the biofuel
segment. Mario Garnero, chairman of Brasilinvest, also known as Brazil’s
“Father of Ethanol,” was a pioneer on the use of ethanol in Brazil, when he
chaired the National Automakers Association in 1979. He also sat on Brazil’s
National Commission on Energy, which oversaw the implementation of a pro
ethanol program. Garnero spearheaded the adoption of E100, and called together
the presidents of the auto industry of Brazil to begin sales of E100-capable
vehicles.
Brasilinvest group has attracted investments in the range
of $16 billion to Brazil. It currently manages $6 billion in its project
portfolio and has a net worth in excess of $1.3 billion, Ethanolproducer.com
reported.
Biofuel investments get a boost all over the world,
thanks to the growing demand for cost-effective clean enerfy.
Biofuels market to double to $185.3 billion by 2021
Earlier this year Pike Research estimated that the
production of biologically-based fuels will increase from $82.7 billion to
$185.3 billion by 2021, but will fall short of demand. The demand will be in
the 71.8 billion gallons per year (BGPY) area whereas production will fall
short of that by several billion gallon.
editor@greentechlead.com