vishnuvega
18-05-2008, 09:53 AM
Brazil and Peru have agreed to work together to boost production of biofuels, hydroelectric power and petrochemicals as two of the region's biggest countries seek to ensure future energy supply.
A statement from Peru's presidency says the neighbors will support biofuels and hydropower. Brazil is the world's largest ethanol exporter.
Companies including U.S.-owned Maple Energy already plan to produce ethanol from sugarcane grown and distilled on Peru's Pacific coast.
State oil companies Petroperu and Petroleo Brasileiro SA may also build a petrochemical plant in northern Peru to produce 700 million tons a year of polyethylene, a common plastic.
Both countries' presidents signed 10 energy accords Saturday following a summit in Lima.
A statement from Peru's presidency says the neighbors will support biofuels and hydropower. Brazil is the world's largest ethanol exporter.
Companies including U.S.-owned Maple Energy already plan to produce ethanol from sugarcane grown and distilled on Peru's Pacific coast.
State oil companies Petroperu and Petroleo Brasileiro SA may also build a petrochemical plant in northern Peru to produce 700 million tons a year of polyethylene, a common plastic.
Both countries' presidents signed 10 energy accords Saturday following a summit in Lima.