Brasil Ecodiesel Industria e Comercio de Biocombustiveis e Oleos Vegetais SA fell the most on the Bovespa stock index after the company bought farm group Maeda SA Agroindustrial SA assets at a price higher than some analysts expected.
Two of the most important players in Chile's fuel and energy market, fuel and forestry conglomerate Empresas Copec SA (COPEC.SN) and power generator E-CL SA (ECL.SN), will team up to create biofuels from micro-algae.
Dow Chemical Co. said Wednesday that its largest manufacturing facility will start processing biomass fuel by the end of 2012.
Repsol YPF SA is to sell off some of its stake as it seeks to raise funds for investments, to be undertaken in Brazil. Spain’s largest oil firm Repsol YPF SA announced its planning to raise close to $2.36 billion via the sale of a 15 per cent stake in its Argentine YPF SA unit. The move is as well aimed at cutting down Repsol’s holdings in Argentina.
In northern Peru energy company Maple Energy is looking to commence the first phase of its ethanol and biomass project before the end of the year.