Petrobras hopes to stay afloat with ethanol.

July 9, 2012 |

In Brazil, Petrobras plans to buy more ethanol in an attempt to plug the holes in its sinking ship—huge losses as a result of having to import gasoline. Using ethanol could save the company from estimated losses of $375 million caused by a lack of domestic refining capacity that means having to import finished products rather than just crude.

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Category: Fuels

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