In Brazil, Algeria’s Cevital plans to invest $750 million in a soybean crushing plant as well as build a corn-based ethanol plant and a feed plant in the town of Vera in Mato Grasso, near the region’s grain hub and along the road to the main southern Brazilian ports of Santos and Paranagua. Currently the company buys $1.5 billion worth of commodities from Brazil annually, so the investment allows it to be closer to the feedstock source.
