date:Oct 10, 2012
Sugar-cane growers from Bunge Ltd. (BG) to Sao Martinho SA (SMTO3) propose building plants in Brazil to convert crops into chemicals for products as varied as face cream and industrial lubricants.
A joint venture between Bunge and U.S. biotechnology company Solazyme Inc. (SZYM) will start late next year to produce oils from sugar. Cane grower Paraiso Bioenergia SA will open the first plant in Brazil by year-end with Emeryville, California- based Amyris Inc. to make raw materials including a sub