ETHANOL MAKER IN DEAL WITH P&G FOR GREEN PACKAGING
KANSAS CITY, Mo., May 31 (Reuters) - Procter & Gamble Co. has inked a deal with cellulosic ethanol start-up ZeaChem Inc to convert plant material and other biomass used for ethanol into chemicals for household products and packaging.
The multiyear joint development agreement between the world's largest household products maker and the biofuel company is keyed to a trend among top consumer products players to try to make packaging more environmentally friendly, and thus more appealing to consumers.
BRAZIL TO BOOST CANE RENEWAL LOANS FOR 4 YEARS
BRASILIA, May 31 (Reuters) - Brazil will make available loans of up to 4 million reais ($2.53 million) for each farmer to replant cane and raise yields on fields with aging plants, an official said on Tuesday.
Brazil's government is keen to raise output of cane-derived ethanol to maintain a steady supply during the three month inter-harvest period to avoid price spikes that have fed into a recent rise in inflation.
BRAZIL REVERSES US ETHANOL TRADE, RESUMING EXPORTS
SAO PAULO, May 27 (Reuters) - Brazil has abruptly reversed the flow of ethanol trade with the United States, resuming its first major exports in years to U.S. companies anxious to meet advanced biofuel requirements, brokers said on Friday.
Brazilian firms have sold about 300 million liters (1.9 million barrels) to the U.S. over the past few months, some of it likely to transit Caribbean countries for tax reasons. Importers are ready to pay substantial premiums in order to meet their mandates, brokers said.
BUNGE INVESTING $350 MLN MORE IN BRAZIL CANE -RPT
BRASILIA, May 27 (Reuters) - U.S. agribusiness company Bunge will invest $350 million to grow more sugar cane to feed its sugar and ethanol mills in Brazil, financial daily O Valor Economico said on Friday.
Bunge has stepped up its presence in Brazil's huge cane sector in the last few years, including through acquisitions, and now has seven mills producing sugar and ethanol biofuel which Brazil's millions of flex-fuel cars burn.
GERMAN DROUGHT THREAT TO BIODIESEL PRODUCERS
HAMBURG, May 27 (Reuters) - Drought will sharply cut the rapeseed harvest in Germany, which produces about a quarter of the European Union's crop, and is likely to force biodiesel producers to cut output.
About 75 percent of Germany's rapeseed is used by its biodiesel industry, the largest in the EU.
TEREOS PLANS SHARE SALE TO RAISE UP TO $368 MLN
SAO PAULO, May 25 (Reuters) - Sugar and ethanol group Tereos Internacional said on Wednesday it plans to raise 450 million to 600 million reais ($276 million to $368 million) through a share offering in Brazil.
Tereos Internacional, which made the announcement in a regulatory filing, has a controlling stake in Brazilian sugar and ethanol producer Acucar Guarani.
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