Brazil to Invest $35.4 Billion in Sugar-Cane Fields for Fuel
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Brazil’s government plans to boost investment in sugar-cane plantations by 60.5 billion reais ($35.4 billion) during the next four years to ensure an adequate supply of crops for the nation’s ethanol industry.
The government plans to introduce measures aimed at spurring the renewal of 6.4 million hectares (15.8 million acres) of aging plantations and the development of 5.2 million hectares of new fields, the Ministry of Agriculture said today on its website. It didn’t say when the policies will be announced.