Ethanol Players Target $1.5bn Pipeline

Brazilian ethanol producer Cosan announced a new joint venture with Copersucar and Crystalsev to create Uniduto Logistica, a new company that will develop, build and operate an ethanol pipeline network. The project, which Bradesco BBI estimates will cost $1.5bn, will connect the interior city of Paulinia to a port terminal on the coast of the state of Sao Paulo, with branches to the cities of Conchas and Ribeirao Preto. The three leads have extended invitations to other ethanol companies in Brazil, including Petrobras, to partner in this project.