Brazil and Senegal sign biofuel agreement
May 28, 2007
BRASILIA, Brazil:
The presidents of Brazil and Senegal on Wednesday signed an agreement
opening the way for the production and use of biofuels in Senegal and
in the rest of Africa.
"Biofuels will provoke a revolution in Africa," Senegal’s leader
Abdoulaye Wade said in a speech after the meeting. "The entire
(African) continent wants to explore all possibilities … to become a
major biofuel supplier."
The agreement was one of three signed by Brazil’s Luiz Inacio Lula
da Silva and his guest, who is on a two-day visit to Latin America’s
biggest country.
"We have abundant, clean and cheap sources of energy," Silva said in
a speech. "Under Senegal’s leadership, we want to take this initiative
to other African nations that do not produce oil."
Brazil is the world’s No. 1 sugar producer and exporter, and the
leading exporter of ethanol made from sugarcane. It also is the world’s
second-largest ethanol producer after the United States, and is ramping
up production of soybean-based biodiesel.
Today in Business
Brazilian ethanol makers produced 17 billion liters (4.5 billion
gallons) last year, and exported 3.4 billion liters (900 million
gallons).
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