Petrobras’ decision to pull out of ethanol pipeline makes industry wary

| November 27, 2012

In Brazil, Petrobras’ decision to pull out of its ethanol pipeline project is being seen by some analysts as proof that the Brazilian government is preferring to focus on it’s pre-salt oil discoveries rather than put its investment in ethanol. Transportation by pipeline could reduce the cost of ethanol by 7 centavos per liter over traditional truck transportation.



Tags: , ,

Category: International

Comments (0)

Trackback URL | Comments RSS Feed

There are no comments yet. Why not be the first to speak your mind.

Comments are closed.