China partner may invest in Petrobras, sign ethanol offtake deal

In China, Brazil’s Petrobras is in negotiations with an unnamed Chinese company to buy shares in the ethanol powerhouse as well as for an offtake agreement for ethanol supply. The MOU was signed earlier this year but negotiations are still at an early stage. The ethanol would be traded by the Chinese company for domestic as well as foreign fuel use and as a feedstock for green ‘products’, likely plastics.

More on the story.