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Toyota Tsusho studies Brazil ethanol production

Wed Aug 6, 2008 7:06am EDT

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TOKYO, Aug 6 (Reuters) - Japan's Toyota Tsusho Corp (8015.T) is conducting a feasibility study with Brazil's state-run energy company Petrobras into the possibility of building an ethanol plant there, a company spokesman said on Wednesday.

"At this point all we can say is that we are conducting a feasibility study into the possibility of producing ethanol from sugar canes, together with Petrobras," he said.

A Brazilian newspaper reported on Tuesday that Toyota Tsusho, the trading company of the Toyota group that also includes Toyota Motor Corp (7203.T), is finishing studies to build an ethanol plant in Brazil's centre-west state of Goias. [ID:nN05314638]

Petrobras (PETR4.SA) and local cane producers would be partners in the new mill that would be built in the Itumbiara area, the financial daily Valor Economico said. (Reporting by Miho Yoshikawa; editing by James Jukwey)



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