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.
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In South Dakota, KL Energy Corporation announced that it has successfully completed the first phase of the work program under its Joint Development Agreement with Petrobras America, Inc. signed in 2010. To date, all cellulosic ethanol produced from sugarcane bagasse in KLE’s demonstration plant in 2011 has been shipped to Petrobras SA in Brazil. KLE […]
In Mozambique, Petrobras has begun receiving quotes for the equipment needed for the ethanol distillery it is building in the country via sugar producer Guarani, whom it bought 45.7% of in 2010. The company has so far committed to investing $20 million in the 20 million liter per year molasses-based facility.
In Brazil, Petrobras, along with Universidade Federal do Rio Grande do Norte, has inaugurated their joint pilot plant to produce biodiesel from microalgae in Extremoz. Prepartory studies for the project have identified about 10 different species that could be viable for use in the project.
In Brazil, Petrobras and the state of Minas Gerais have signed an agreement, whereby Petrobras will invest as much as $16.2 million to increase their Montes Claros biodiesel facility’s production to 152 million liters per year. This would represent a 40% increase over current production.
In Mozambique, France’s Tereos International and Brazil’s Petrobras have signed an MOU with the country’s oil company Petromoc to study ethanol production and domestic sales. Petrobras has already partnered with Tereos in its 1.2 million metric ton per year sugar mill in Sena.
In Brazil, CEO Jose Sergio Gabrielli of Petrobras said last week at the World’s 20th Petroleum Conference that he predicts all cars in Brazil will soon be running on ethanol. This speculation came amidst oil executive’s forecasts that the world’s energy demand will increase by 50% by 2035 at the Doha, Qatar conference.
In Mozambique, Petrobras may invest in an ethanol plant with production specifically intended for the domestic market in order to help supply the 10% blending mandate set to begin in 2012. If the plant is built, it will be done via Guarani, with whom Petrobras also jointly owns a sugar factor in Marromeu.
In Brazil, Petrobras expects the country to import less than 1 million cubic meters of ethanol during 2011 while exporting more than 2 million. The company says that all organizations with the ability and opportunity to import ethanol are doing so at the moment. Petrobras itself expects to invest $1.3 billion overall by 2015 with […]
In Brazil, Petrobras acquired a 50 percent stake in the BSBIOS Indústria e Comércio de Biodiesel Sul Brasil biodiesel plant, located in Rio Grande do Sul, for $128 million. The plant has a capacity of 42 million gallons. Last week, the Digest reported that Petrobras is currently re-thinking its five-year investment strategy to take into […]