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TheBioenergySite Latest News
Monday, July 28, 2008
Print This Page Petrobras Inaugurates Biodiesel Plant
BRAZIL - Brazil's Petrobras (Petroleo Brasileiro SA) is opening a biofuels unit today to oversee $1.5 billion of investments over the next five years.The plant will be Petrobras' first biodiesel plant, in Candeias (BA).
Alan Kardec Pinto, the new unit's chief, said he aimed for annual ethanol output of 4.75 billion litres (1.3 billion gallons) by 2012 at 23 joint ventures focused on exporting as much.
So far Petrobras has established one partnership with Japan's Mitsui Co. to share a minority stake in a mill, out of 40 projects the companies said they would study last year.
Earlier this month the company managed to maintain production despite a 48-hour walk out by the Single Oil Workers’ Federation (FUP).
TheBioenergySite News Desk
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