The launch of an international trade organization for ethanol will take place Monday in Coral Gables, Florida.

The Interamerican Ethanol Commission will be launched with a breakfast and press conference featuring Florida Governor Jeb Bush, Inter-American Development Bank president Luis Alberto Moreno and Roberto Rodrigues, a former Brazilian Minister of Agriculture who is now president of the Superior Council of Agribusiness, FIESP in Sao Paulo.

According to a Dow Jones report, the three will sign a protocol of intentions to build an ethanol research and development think tank “somewhere in the Americas.”

The new venture is being coordinated by Florida FTAA (Free Trade Area of the Americas), an organization of Florida governmental and corporate leaders with the goal of increasing cooperative trade between the U.S. and countries of Latin America.

During the launch event on Monday morning, the Indy Racing League and the Ethanol Promotion and Information Council will be recognized with a special award for their efforts on behalf of ethanol.