Petrobras targets 15 percent ethanol, 25 percent biodiesel market share in Brazil

In Brazil, Petrobras Biocombustível CEO Miguel Rossetto said that the Brazilian state oil giant has targeted $2 billion in biodiesel and ethanol investment through 2013, and aims to achieve a 15 percent share of the Brazilian ethanol market and up to 25 percent market share in biodiesel.

Rossetto said that the company will commence ethanol production this year.

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