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SAO PAULO, Brazil — Brazilian state-controlled oil giant Petrobras and private sugar and ethanol group Sao Martinho have announced plans to build an ethanol plant with the capacity to produce 700 million liters of the biofuel annually, the Latin American Herald Tribune reported.
The oil giant’s Petrobras Biocombustivel unit and Sao Martinho plan to invest 520.7 million reais (about $328.9 million) in the project, which will expand the crushing capacity of the Boa Vista sugarcane processing plant in Quirinopolis, a city in Goias state.
The plant also will generate 600,000 megawatt-hours of electricity and create 3,000 jobs.According to Fabio Venturelli, who heads Nova Fronteira Energia, the joint venture created to run the facility, “The plant will surely be the world’s largest sugarcane ethanol distillery.”