- BP has agreed to pay approximately US$25 million in cash to acquire a 3 per cent stake in CNAA from LDC Bioenergia S.A.. This follows the previously announced acquisition of majority control of CNAA in April 2011. BP will own 99.97 per cent of shares in the company.
- Since April 2011, BP has been the operator of the CNAA mills in Itumbiara, Goiás and Ituiutaba, Minas Gerais.
- The mills will be able to supply both Brazilian and international markets with ethanol.
- The agricultural land used for sugarcane cultivation related to all BP’s operations in Brazil is within the areas permitted under Brazil's proposed Agro-Ecological Zoning of Sugarcane (Zoneamento Agroecológico da Cana-de-açúcar).
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- BP : Announces Acquisition of Additional Shares in Brazilian Sugar and Ethanol Producer CNAA