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2024 at 8:00 AM EDTBookmarkSaveNew legislation in Brazil is set to support farmers by pushing additional demand toward biofuels — and away from the fossil fuels produced by state-controlled oil giant Petroleo Brasileiro SA
the “Fuel of The Future” bill from President Luiz Inacio Lula da Silva’s government creates broader mandates for biofuels
reinforcing Brazil’s strategy of relying on its bountiful crops to address the energy transition
It’s also a strong reminder for Petrobras of increasing pressure to invest in low-carbon alternatives
Japan &ndash; Toyoda Gosei has opened its Brazilian subsidiary GDBR Industria e Comercio de Componentes Quimicos e de Borracha Ltda
(GDBR) at the company&rsquo;s premises in Itapetininga
The plant is Toyoda Gosei&rsquo;s first production facility in Brazil
&ldquo;We look forward to growing in Brazil
with increasing localisation to serve the needs of the Brazilian automotive market with its long-term growth potential,&rdquo; said Toyoda Gosei chairman Tadashi Arashima at the opening ceremony
Toyoda Gosei invested capital in Pecval Industria Ltda
These two business units will work together in supplying products to carmakers in South America
Located on an area of approximately 220,000 square metres
the plant employs nearly 260 people and produces automotive sealing parts
interior and exterior parts such as instrument panel components and safety systems such as airbags
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A sugar and ethanol bioenergy plant in Itapetininga
2024 at 10:00 AM EDTBookmarkSaveLock This article is for subscribers only.French group Tereos SCA expects to keep a strong pace of sugar production in Brazil and plans to outperform peers in the world’s largest sugar-exporting nation
The group is looking to process as much as the record 21 million tons of cane it handled <a href="https://www.bloomberg.com/news/terminal/S62IH5T0G1KW" class="media-ui-Link_link-tVkXhPLPofs- whitespace-normal" target="_blank" rel="noopener" data-component="link">last yearBloomberg Terminal</a>
chief executive officer of Tereos’ Brazil unit
That would be better than the expected average for the drought-plagued Center-South growing region