A PYMNTS Company

Brazil: BP digs into Brazilian market with Copersucar deal

By  |  January 9, 2018

Brazil’s competition regulator CADE has approved a joint operation between Copersucar and the Brazilian unit of BP PLC, making it known through its official gazette on Thursday.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    In November, the BP unit and Copersucar, one of the world’s largest ethanol traders, said they would form a joint venture to operate a recently built ethanol storage complex in the city of Paulínia, the country’s largest fuel processing center. .

    The complex has the capacity to process 2,300 million liters of fuel per year and can store 180 million liters in its 10 tanks, the companies said at the time.
    In the bulletin, Cade said the measure would not affect the Brazilian market for storage or supply of ethanol.

    Full Content: UK Money News

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.