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General Electric To Invest BRL500 Million In Brazil Technology Center

RIO DE JANEIRO -(Dow Jones)- General Electric (GE) said Thursday it will invest 500 million reais ($245.5 million) in a research and development center in Rio de Janeiro. The center, which should be operational in the second half of 2013 and employ 400, will focus on development of biofuels, alternative-energy systems, intelligent systems and systems integration, said Ken Herd, GE's global research center head in Brazil at a ceremony to mark the laying of the center's foundation stone. Mark Little, a GE vice president, said the center also will develop subsea technologies together with clients including Petroleo Brasileiro SA (PBR, PETR4.BR), Statoil ASA (STO, STL.OS) and OGX (OGXPY, OGXP3.BR). "We will try to understand the specific needs of these companies," Little said. "Presalt is a major challenge for the Brazilian oil industry." In the areas of biofuels, the center will work on production and use of biodiesel in locomotives and biokerosene for aircraft, he said. The center also will study how to break down bagasse, which is used in ethanol production, to reuse its water content and produce more energy that can be sold to the grid, Little said. GE already has signed accords with Petrobras, Vale (VALE, VALE5.BR), OGX and Embraer (ERJ, EMBR3.BR) for the development of projects of interest to those companies, the executive said. -By Diana Kinch, Dow Jones Newswires; 55 21 7564 4495;

Stock News for Embraer Empresa Br (ERJ)
03/21/201719:10:00Embraer files Form 20-F report for the fiscal year ended 2016
03/21/201717:24:07Annual and Transition Report (foreign Private Issuer) (20-f)
03/20/201715:11:21Report of Foreign Issuer (6-k)
03/09/201713:27:27Report of Foreign Issuer (6-k)
03/09/201712:12:46Report of Foreign Issuer (6-k)
03/09/201705:00:00EMBRAER Releases Fourth Quarter and Fiscal Year 2016 Results...
03/07/201715:18:44Report of Foreign Issuer (6-k)
02/16/201716:18:59Report of Foreign Issuer (6-k)
02/14/201708:01:33Report of Foreign Issuer (6-k)
02/08/201718:47:00ADRs End Higher; ABB, Embraer Decline
02/08/201709:09:53Report of Foreign Issuer (6-k)
02/02/201709:35:56Amended Report of Foreign Issuer (6-k/a)
02/01/201710:59:52Securities Registration (section 12(b)) (8-a12b)
02/01/201710:49:21Report of Foreign Issuer (6-k)
01/31/201711:19:26Amended Statement of Ownership (sc 13g/a)
01/30/201711:34:48Statement of Ownership (sc 13g)
01/26/201706:24:05Report of Foreign Issuer (6-k)
01/26/201706:19:43Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
01/26/201706:16:49Report of Foreign Issuer (6-k)
01/26/201706:04:25Free Writing Prospectus - Filing Under Securities Act Rules 163/433...

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