In Mozambique, Petrobras expects to begin ethanol production as soon as 2014 with construction of the $20 million distillery set to begin in early 2013. The 20 million liter per year molasses-based facility will be built via Guarani, Petrobras’ local sugarcane partner.
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In Brazil, Petrobras has completed a series of tests looking at B20 blends in two different motors in an attempt to support moves to boost biodiesel blending to 20% from current 5%. The test vehicles, two running on B5 and two running on B20, have completed more than 100,000 kilometers in the past year in […]
Biofuels Digest has released the next wave of its 5-Minute Guides – a “news you can use” digest on the leading companies in biofuels. Each 5-Minute Guide provides a company description, 3 top milestones for 2010-12 and projected for 2012-14, description of the business model; plus project info (location, feedstocks, product set, processing technology, capacity, […]
Based in: Brazil Business: Oil and gas producer with sugarcane ethanol and biodiesel operations. Model: State-owned operator. Announced that it was not seeking to acquire distressed ethanol companies but would establish partnerships where appropriate to support development of the national ethanol industry. According to Petrobras management, the state oil giant would offer a guaranteed ethanol […]
In Brazil, Cosan says that Petrobras has pulled out of the $3.45 billion, 1,300km ethanol pipeline connecting Goias to Sao Paulo and Rio de Janeiro states that the two companies along with four others have been building. Both Cosan and Petrobras have 20% shares in Logum Logistica, the JV company that owns the project.
In Brazil, Petrobras and the Ministry of Fisheries and Aquaculture have signed a memorandum of understanding to explore the production of biodiesel from residual fish oil. Brazil aims for expansion of fishing activity and trade to 2 million tons of fish by 2014. Petrobras is currently in a partnership pilot project conducted with Biopeixe fish […]
In Brazil, Petrobras’ partner in the Total ethanol mill in Minas Gerais, Turdus Participacoes, has hired Credit Suisse Group to sell the company’s 53% stake in the mill.
In Brazil, Petrobras expects ethanol production to recover by 2014. Despite that optimism, UNICA says that 14 sugarcane mills have already shut this season due to low yields and rising costs. Together those mills have a combined crushing capacity of 30 million metric tons.
In Brazil, Petrobras plans to buy more ethanol in an attempt to plug the holes in its sinking ship—huge losses as a result of having to import gasoline. Using ethanol could save the company from estimated losses of $375 million caused by a lack of domestic refining capacity that means having to import finished products […]
In Brazil, Petrobras plans to invest $1.05 billion in existing ethanol projects through 2016, including its joint venture with Sao Martinho, Nova Fronteira, as well as with some of its other corporate partners Total and Tereos. Brazilian ethanol exports slipped in June as unseasonal rains impede production.