As a result, ethanol development has been led by Brazilian companies with limited capital.
The Brazilian company was founded in 1975 as a family enterprise.
Government officials project that 5,500 Brazilian companies will be approved by the end of 1997.
He said the number of Brazilian companies asking to be monitored have risen to 210 from 3 in 1992.
This purchase was the largest acquisition ever made by a Brazilian company.
Itautec is a Brazilian company that was founded in 1979.
The city also hosts the headquarters of many Brazilian companies.
The changes were tough enough to push one internationally known Brazilian company over the edge.
The development bank is already the largest source of financing to Brazilian companies.
What is more, city officials hope to get Brazilian and multinational companies to foot a big part of the advertising bill.