Ethanol companies in Brazil have been filing for bankruptcy and making deals with creditors to stay afloat amidst the global economic crisis and a steep drop in exports. As a result, companies like the US’s Bunge and France’s Louis Dreyfus have been snapping up cheap plants for the past year.
Shree Renuka, an Indian sugar and ethanol company, will acquire two production facilities in the state of Paraná and stakes in storage terminals at the port of Paranagua.
