(SeeNews) - May 9, 2012 - BP Biocombustiveis, the Brazilian biofuels unit of BP (LON:BP), yesterday announced that it will invest BRL 50 million (USD 25.5m/EUR 19.7m) in the development of a project for energy cogeneration from sugar cane bagasse at its sugar and ethanol mill Tropical, in Brazil's central Goias state.