Petrobras acquires 50 percent stake in BSBIOS biodiesel plant in Brazil

In Brazil, the biofuels arm of Petrobras acquired a 50 percent stake in the BSBIOS biodiesel plant in Parana. The project is expected to open with a30 Mgy capacity in Q2 2010. With this acquisition, Petrobras has four biodiesel plants with 85 Mgy in capacity. The acquisition is Petrobras first biodiesel operation in the southern part of Brazil; the plant utilizes soybean oil, canola and sunflower, as feedstocks.

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