Sumitomo Plans Brazil Ethanol Venture on Renewable Fuel Demand

Sumitomo Corp., Japan's third-largest trading group, said it is considering a bioethanol joint venture in Brazil as demand increases for renewable energy in the country.

The venture will aim to start production in 2011, Sumitomo spokesman Koji Furui said today by telephone from Tokyo, without disclosing the identity of the partner. ... Read full article