Petrobras examining investment strategy as Brazilian ethanol targets soar

June 23, 2011 |

In Brazil, Petrobras is currently re-thinking its five-year investment strategy to take into consideration the government’s requirement that it increase its ethanol production to fill 12% of national demand from the current 5%. That investment is likely to come in the form of greenfield ethanol plants despite the significant capital expense involved.

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Category: International

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