Brazil's Ailing Sugar Cane Growers Get Boost From Anti-Coal Push
- Sugar cane pellets may replace coal for energy generation
- Pellet demand will surge as nations shift away from coal
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Global efforts to curb the use of coal-fired power plants may provide a lifeline to Brazil’s embattled sugar cane industry.
That’s the bet of companies including Cosan SA Industria e Comercio, co-owner of the world’s largest sugar cane processor, which formed a $130 million joint venture for making sugar cane-based biomass pellets that can be burned to produce electricity.