DJ Bunge To Invest BRL1 Bln In 3 Brazil Ethanol Mills - Report

SAO PAULO, Jul 30, 2008 (Dow Jones Commodities News via Comtex) -- BG | Quote | Chart | News | PowerRating -- U.S.-based agribusiness company Bunge Ltd. (BG) plans to invest around 1 billion Brazilian reals ($639 million) in three sugar and ethanol mills in the north of Brazil, the daily newspaper Valor Economico reported Wednesday.

The first mill is expected to start operations in 2011, Valor quoted an official of the Tocantins state government as saying. Bunge was unavailable for comment.

Bunge is also planting 2,200 hectares of sugarcane, which will be increased to 100,000 hectares, to supply the three mills in Tocantins state, according to Valor.

-By Tony Danby, Dow Jones Newswires; 55-11-6847-4523; brazil@dowjones.com

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(END) Dow Jones Newswires

07-30-08 1714ET

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