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Full colour version of the BP magazine

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order to prepare for <strong>the</strong> anticipated<br />

increase in air traffic. Tourism is a big part<br />

<strong>of</strong> <strong>the</strong> growth, but business travel is on <strong>the</strong><br />

rise as well. Visiting <strong>the</strong> Brazilian<br />

Consulate in Houston, I discover that<br />

applications for business visas to Brazil<br />

have grown at a remarkable rate over <strong>the</strong><br />

past 18 months. Whe<strong>the</strong>r tourism or<br />

business is attracting people to Brazil, <strong>the</strong><br />

hidden potential is building momentum.<br />

Paulo Pinho, head <strong>of</strong> <strong>BP</strong>’s bi<strong>of</strong>uels venture<br />

in <strong>the</strong> country, sees <strong>the</strong> opportunity in<br />

Brazil as far-reaching.<br />

“Given today’s petroleum price<br />

volatility and <strong>the</strong> global interest in<br />

reducing dependency on hydrocarbon fuel,<br />

our joint venture, Tropical Bioenergia,<br />

gives <strong>BP</strong> a position in <strong>the</strong> growing sugar<br />

cane ethanol industry in Brazil,” says Pinho.<br />

And Brazil is <strong>the</strong> place for this business,<br />

producing around 22 billion litres <strong>of</strong> sugar<br />

cane ethanol per year, according to its<br />

industry organisation UNICA, and<br />

continues to show big growth. With two<br />

harvests per year, sugar cane is plentiful in<br />

Brazil, and studies show that <strong>the</strong>re is<br />

enough arable land available to support<br />

production <strong>of</strong> bi<strong>of</strong>uels without having an<br />

impact on land for food crops, or sensitive<br />

areas such as rainforests. Brazil is far ahead<br />

<strong>of</strong> most countries in providing fossil and<br />

bi<strong>of</strong>uels to consumers; 90% <strong>of</strong> <strong>the</strong> vehicles<br />

are flex-fuel, so <strong>the</strong> driver can switch fuels<br />

whenever <strong>the</strong> prices change. “Increasing<br />

capacity for making sugar cane ethanol, as<br />

we plan to do at Tropical, creates more<br />

opportunity for exporting to consumers<br />

who want <strong>the</strong> choice.”<br />

Discovering Brazil is a trip more and<br />

more people and businesses are taking, and<br />

<strong>the</strong> prize is a gold mine <strong>of</strong> fortune and<br />

prosperity from every direction. The<br />

undiscovered country is about to burst<br />

onto <strong>the</strong> world’s radar. ■<br />

“Given today’s petroleum<br />

price volatility and <strong>the</strong><br />

global interest in<br />

reducing dependency on<br />

hydrocarbon fuel, our<br />

joint venture, Tropical<br />

Bioenergia, gives <strong>BP</strong> a<br />

position in <strong>the</strong> growing<br />

sugar cane ethanol<br />

industry in Brazil.”<br />

Paulo Pinho<br />

Field to fuel: farming sugar cane is<br />

paying <strong>of</strong>f in a big way as <strong>the</strong> world<br />

takes a close look at Brazil’s sugar<br />

cane ethanol industry.<br />

<strong>BP</strong> MAGAZINE Issue 1 2009 47

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