Brazil’s Petrobras to miss ethanol export targets by 88% for 2007

Petrobras, the Brazilian state oil company, admitted yeterday that it expect to miss its 1 billion gallon export target by 88%, exporting 120 million gallons on the spot market to the US, Japan among other nations. Major planned exports to Nigeria and Venezuela did not happen, in the case of Nigeria because of the lack of infrastructure for ethanol storage. The US imposes a 50-cent tariff on Brazilian ethanol but there has been increased speculation that the US Government will reconsider the tariff as part of its hemispheric re-alignment of biofuels trade.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Brazil’s Petrobras says biodiesel plants exceeding production targets; new plant to open in Minas Gerais next month

In Brazil, Petrobras said that its biodiesel plants in Candeias and Quixad have exceeded their production targets. The company said that it had produced  2.3 million gallons at the two facilities aft...

Brazil’s Petrobras sets 1.2 billion gallon ethanol export target for 2012

In Brazil, Petrobras has set an export target of 1.2 billion gallons for 2012, including both first- and second-generation ethanol. The company linked this export target to its plans for an ethanol pi...

Brazil’s Petrobras to invest $2.8 billion in ethanol, biodiesel

In Brazil, Petrobras Biocombustível announced that it will invest $2.8 billion in biodiesel and ethanol business between 2009 to 2013, an 87 percent increase from its previous plan. The company aid t...

China to miss 600 Mgy ethanol target for 2010 after restricting use of grains as feedstock

In China, Reuters has reported that the Chinese government is expected to miss its 2010 ethanol production targets as a result of restricting the use of grains for ethanol production without lifting r...

Brazil’s Petrobras enters biodiesel market with 41 million gallon sale; will market 100 million gallons in first half of 2008

In Brazil, Petrobras has commenced marketing biodiesel, and said that the company has made sales to date of 41 Mgy, primarily in Rio Grande do Sul. Petrobras will market a total of 100 Mgy which is...

Petrobras and Samsung ink ethanol production and marketing deal; Petrobras to export up to 105 Mgy of ethanol to South Korea

The Brazilian state oil company, Petrobras, has established a joint venture with Samsung to cooperate in the production and marketing of ethanol. Petrobras projected that it will sell 80 to 105 Mgy of...