US Calls Brazil World Leader in Ethanol and Deep-Sea Oil Drilling

Latin America is well placed to become a leader in supplying biofuels and renewable sources of energy for the rest of the world. As well as that, the United States and other developed countries are keen to explore partnerships within this sector in the region.

Such conclusions came up in one of the debates of the World Economic Forum (WEF) dedicated to Latin America, which ended Thursday, April 6, in São Paulo.

The minister of Development, Industry and Foreign Trade of Brazil, Luiz Fernando Furlan, said there were 50 new projects in the sugar and alcohol sector in the country, segment which involves the production of alcohol fuel.

Ethanol has been used in large scale as a fuel in the Brazilian fleet of vehicles for about 30 years. "There may also be opportunities for joint ventures," said Furlan, according to a statement released by the WEF.

"There is a very serious energy agenda that we can work on together," said the United States Assistant Secretary of State Economic and Business Affairs, Anthony Wayne, according to the statement.

According to him, his country started developing a program to diversify their energy sources. "And Brazil is a leader in the production of ethanol and deep sea drilling for petroleum," he added.

The North American also said that the United States have their eye also in the natural gas produced in Argentina.

Brazil has also already started producing in industrial scale biofuel from oleaginous plants, like soy and castor seed.



You May Also Like

Brazil Strikes Oil in the Land of Dinosaurs

About 120 million years ago, giant reptiles left their footprints throughout the Northeastern dry ...

Industrial Jobs Fall in Brazil

Industry new jobs in Brazil dropped 0.2% in March, when compared to February, in ...

Brazil’s Lula Makes Defense of Democracy Before Chavez

South American integration is "advancing fast and with our own resources," said Brazilian president ...

Lula’s Party Wins in Six State Capitals

The mayors of 11 state capitals were elected yesterday in the first round of ...

25 per 100,000: Brazil’s Per-Capita Homicide Rate Is Three Times the World Average

Earlier this year, in September, the United Nations released a report on Brazilian arbitrary, ...

Brazil and LatAm Confident US Bullying Will Be Over in Obama Era

Pundits have said that the election of Barack Obama to the presidency of the ...

Secrecy Violation at Brazil’s Savings Bank Seems Like Inside Job

Brazil’s Caixa Econômica Federal (the state-run Mortgage and Savings Bank) reports that it has ...

Olhares Cruzados, an Africa-Brazil exchange program

Slavery Is Past. It’s Time Brazil and Africa Unite in Mutual Understanding

"Without Angola, there is no Brazil," said the polemical Friar Antonio Vieira at the ...

Authorities Assert Cannibalism in Brazil Is Just a Myth

International experts on the Amazon tribe accused of killing and eating a white settler ...

Pakistan Wants Fuel Partnership with Brazil

According to the Minister of Foreign Trade and to the president of the Export ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]