Petrobras of Brazil will put in around $2.5 billion to increase the production of ethanol and biodiesel this year through 2015. The amount forms part of the $4.1 billion that is expected to be spent for their biofuels business which includes $1.3 billion for logistics for their ethanol production and around $300 million for research. [...]

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Novozymes and its Chinese partner COFCO signs an agreement with another Chinese energy and oil company Sinopec for the possible commercial-scale production of cellulosic bioethanol from corn stover. To date, China is the second-biggest corn producer globally, next to the US. The US Department of Agriculture projects a 16.5 million metric tons produce from China [...]

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Chevrolet, a division of General Motors, has been manufacturing cars powered by biofuel for the last eight years. According to Beth Lowery, GM Vice President, Environment, Energy and Safety Policy, “at GM, we believe that the biofuel with the greatest potential to displace petroleum–based fuels in the U.S. is ethanol.” GM’s preferred form of ethanol [...]

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