The biofuels division of BP is to invest $350 million (€271.1 million) to double its ethanol processing capacity in Brazil.

The facility is operated by Tropical Energia, which BP Biofuels acquired majority ownership of in 2011, will see its capacity go from 2.5 million to 5 million tonnes of sugarcane a year.

A new mill is also to be constructed and expected to provide 7.650 permanent and temporary job vacancies.

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