NEWS
South America Calling
Alastair Stewart South America Correspondent
Thu Sep 25, 2014 11:31 AM CDT

There is a buzz about corn ethanol in Brazil at the moment.

Since 2012, when Brazil's first corn ethanol distillery was opened in Mato Grosso, nine other projects have been announced.

Last month, the Iowa-based Summit Group said it would invest in Brazil's Fiagril $140 million distillery project and POET and BioUrja started construction of a $150 million plant this week.

The growth in corn production as a second crop in the Cerrado region over the last ten years has created this opportunity.

The high cost of freighting corn from Mato Grosso and surrounding areas means local quotes are sometimes ...

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