Petrobras divesting BSBios in next step of asset fire sale

In Brazil, Petrobras is continuing with its divestiture plans by getting rid of its 50% stake in BSBios that owns two biodiesel plants in Rio Grande do Sul and Paraná with a total installed production capacity of 288,000 cubic meters. The company’s other 50% is held by R.P. Biocombustiveis Holding who has first right to buy out the 50% or divest completely as well. Last year BSBios had gross revenues of $681 million following the sale of 413,000 cubic meters of biodiesel at auction.

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