Brenco, sugar ethanol company, raises $200M
A San Paulo, Brazil ethanol company, Brenco, has raised $200 million in financing from investors including big-name U.S. investors such as Vinod Khosla, supermarket magnate Ron Burkle and AOL co-founder Steve Case.
The new company, aims to become one of the largest ethanol producers in the world, apparently wanting to reach an annual output of 1 billion gallons within ten years, according to Dow Jones.
Brazi’s sugar-based ethanol is more efficient than the corn-based ethanol produced in… Continue Reading