Local news reports say that Brenco, which has been struggling to find financing since the global economic crisis derailed its ambitious plans, is declining in value and that ETH’s parent company, Brazilian construction giant Odebrecht, is reviewing its offer.
The two signed a memorandum of understanding to evaluate the possibility of combining assets and operations last year.
ETH holds three greenfield ethanol-production plants in association with Japan’s Sojitz Corporation, and has purchased two brownfield plants.
Industry
