Monday, October 22, 2007

Brazil to promote Biofuels in Africa - Business Week

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The Brazilians are known as experts when it comes to Biofuels. They have been progressive since the early 70's when world oil prices were too high. Most of Brazil's Biofuel comes from sugar cane, and a small percentage from corn and other crops.

Brazil's president Luiz Inacio Lula da Silva wants to help African countries seize this surging interests in Biofuel and build their own capacity. Even though Africa is a net exporter of oil, many believe that Biofuels can enable poverty reduction on the continent.

Read this BusinessWeek article about Brazil and Africa's collaboration.

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