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.

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Category: International

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