A $150 million sugarcane ethanol plant is being proposed in Paraguay by Roberto Rezende Barbosa, one of Cosan Industria & Comercio's biggest shareholders. "Paraguay is a free market, and because there's no price control there we can actually make money from sugarcane processing," said Barbosa, who owns a 10.9% stake in Cosan with his brothers. The proposed mill would have the capacity to produce 10.1 million gallons of ethanol and more than 90,000 metric tons of sugar annually, Barbosa said.

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