Tereos acquires a new dimension in Brazilian territory. In search of critical size in a market of sugar cane in upheaval, the French cooperative group last week signed a partnership with the Brazilian oil company Petrobras to develop the market for sugar, ethanol and energy in Brazil. The Brazilian group will invest, through its subsidiary Petrobras Biocombustivel, almost 700 million euros over five years to acquire 45.7% of Guarani, the subsidiary of Tereos, the number four sugarcane in the country. Petrobras, which has the ability to mount up to 49% of Guarani, announced a few weeks ago plans to invest nearly $ 3 billion by 2013 in biofuels, according to pre s the arrival of major operators (Shell, Bunge, Louis Dreyfus, BP…) on the market for sugar cane growing rapidly, especially with the development of the sugar market internationally, but also with the development of biofuels in Brazil and the United States..

The chief executive gave an interview to the new factory a few weeks ago, at the announcement of the meeting of its assets in sugar cane and grain Tereos International subsidiary will be listed in Paris and Sao Paulo, and will team up with Petrobras. It discusses the market opportunities of the Brazilian sugar cane, and admits his ambitions on the starch market in Asia.

.