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Ghana, Sweden and Brazil join forces for ethanol
"As controversy rages over the ethics of producing biofuels at a time of soaring food prices, a Ghanaian company has announced it will start exporting ethanol to Sweden by the end of 2010."
The Local reports that Swedish green fuels company Svensk Etanolkemi AB has committed to buying the first 10 years of production output of Ghana's first industry scale sugar cane ethanol project. Interesting aspect of the deal is that of the initial funding needed by the Ghanaian producer Norther Sugar Resources Ltd. "$260 million will come from a loan granted to Northern Sugar by the Brazilian government development bank BNDES".
Ethanol nations teaming up here... When will we see a joint attempt by these nations to promote sugar cane-based ethanol as "good" ethanol as opposed to ethanol from less efficient feedstocks such as corn?
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