Brazil-based Infinity Bio-Energy, a leading Brazilian Ethanol producer, announced that it is adopting new self-imposed standards and guidelines for the production of sugarcane fuel ethanol as well as other energy products derived from sugarcane.
"As the world faces the challenge of climate change, the transportation sector is pushing to establish higher standards concerning greenhouse gas emissions," said Infinity Bio-Energy CEO, Sergio Thompson-Flores.
"The Clinton Global Initiative inspired us to review the way we operate and to increase the standards of our social responsibility. The CGI challenges inspired us to improve the environmental quality of our product using the cleanest possible production process, raising the bar in the bio-fuel sector and promoting a better quality of life for generations to come.
"We understand that sustainability investment is essential to creating long-term shareholder value, and will publish these activities and investments in our financial reports."
Infinity Bio-Energy says that it is committed to producing a fuel that is truly clean by implementing state-of-the-art technology to reduce to a minimum the level of green house gas emissions throughout the manufacturing process.
"Sugarcane ethanol already guarantees ten times less GHG emissions than oil and at least nine times less emissions than ethanol from other raw materials such as corn," said Flores.
"With this commitment, we are making huge strides towards maximizing energy efficiency, aiming to ensure that sugarcane ethanol can be produced in the most sustainable manner as possible and help set standards worldwide. We are in an exceptional position to reduce our greenhouse gas emissions because of our ability to rely on renewable energy sources derived from biomass, including the 'green coal' Bagasse."
With some of the new standards applied to its operating practices, Infinity Bio-Energy promises that it will increase the income base for farmers and forest workers and improve employment opportunities in any region where the company operates.
Currently Infinity's operations are focused in the Mato Grosso do Sul, Espírito Santo, Minas Gerais and Bahia states of Brazil. The company expects to develop new projects in the Caribbean and Central America, specifically the Dominican Republic and Panama.
Infinity Bio-Energy launched on the Alternative Investment Markets (AIM IBI.L) of the London Stock Exchange in May 2006.