Brazilian cellulosic-ethanol producer buys 25% stake in U.S. firm

04/16/2013 | Bloomberg

Brazil-based cellulosic-ethanol developer GranBio Investimentos has acquired a 25% stake in technology developer American Process. GranBio plans to install API's technology at a cellulosic-ethanol plant it is planning to build in Brazil next year and have functioning by 2015, said CEO Bernardo Gradin.

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