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In Brazil, Bloomberg New Energy Finance says rising ethanol production will mean 20% fewer petroleum imports for Petrobras this year, who will benefit significantly. UNICA says that the huge fall in sugar prices won’t be offset by the increase in ethanol demand, however.
In Brazil, Petrobras expects to produce 29% more ethanol during the 2013/14 sugarcane crush that’s set to start in April, with 280 million gallons. The production boost is thanks to more area planted to cane and better weather which should also help increase yields.
In Brazil, Petrobras’ transportation arm Transpetro is getting ready to launch its shipyard in Aracatuba, in Sao Paulo state that will build $400 million worth of barges meant to transport ethanol. The 20 barges will transport ethanol along the Tiete-Parana waterway starting in 2013, doubling the river’s capacity and replacing 80,000 round-trip truck trips.
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 […]
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.
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.