Brazil, Peru plan biofuel, petrochemical projects
Brazil and Peru have agreed to work together to boost production of biofuels, hydroelectric power and petrochemicals as two of the region's biggest countries seek to ensure future energy supply.
By Agencies |
LIMA: Brazil and Peru have agreed to work together to boost production of biofuels, hydroelectric power and petrochemicals as two of the region's biggest countries seek to ensure future energy supply.
A statement from Peru's presidency says the neighbors will support biofuels and hydropower. Brazil is the world's largest ethanol exporter.
Companies including U.S.-owned Maple Energy already plan to produce ethanol from sugarcane grown and distilled on Peru's Pacific coast.
State oil companies Petroperu and Petroleo Brasileiro SA may also build a petrochemical plant in northern Peru to produce 700 million tons a year of polyethylene, a common plastic.
Both countries' presidents signed 10 energy accords Saturday following a summit in Lima.
A statement from Peru's presidency says the neighbors will support biofuels and hydropower. Brazil is the world's largest ethanol exporter.
Companies including U.S.-owned Maple Energy already plan to produce ethanol from sugarcane grown and distilled on Peru's Pacific coast.
State oil companies Petroperu and Petroleo Brasileiro SA may also build a petrochemical plant in northern Peru to produce 700 million tons a year of polyethylene, a common plastic.
Both countries' presidents signed 10 energy accords Saturday following a summit in Lima.
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