• Categories
  • Archives

With US$ 85 Million Brazil’s Petrobras Gives First Step on Ethanol Production

Brazilian biofuelPetrobras, the Brazilian state-controlled oil & gas multinational, is going to start manufacturing ethanol this month at the Bambuí Plant, in the city of the same name, located in the state of Minas Gerais.

This will be the first ethanol manufacturing plant owned by Petrobras, which has acquired a 40.4% stake in the unit from sugarcane company Total Agroindústria Canaviera, by means of its subsidiary Petrobras Biofuels.

Investment should total 150 million Brazilian reais (US$ 84.7 million) and is part of Petrobras’ Strategic Plan to produce biodiesel and ethanol by 2013, totaling 5 billion reais (US$ 2.8 billion). With the investment, the plant’s production capacity is going to rise from 100 million liters to 204 million liters per year, by 2012.

The aim of Petrobras is to produce 750 million liters of ethanol by the end of the year, a figure that should increase to 4 billion liters by 2013.

“The volume is going to grow through participation in ongoing enterprises, as well as in new projects that the company intends to develop in coming months,” said the chairman of Petrobras Biofuels, Miguel Rosseto.

The unit in Bambuí will be overhauled, its storage capacity should double, and planted area should increase from the current 8,000 hectares to 30,000 hectares. Furthermore, approximately 1,000 new employees should be hired up until 2012.

ABr

Tags:

  • Show Comments (2)

  • NormanCopeland

    Investment for national security.
    It will be really important for the beautiful people of Brazil to be sure that crazed mad men do not have sick and insane secret agenda’s for space exploration with the crazy amounts of money they have stashed.

    http://www.spacetravel21stcentury.blogspot.com/

  • Wagner M.

    why not?
    I think we can use a new type of hybrid car. Where it is a eletric car and use Biodiesel or a Flex (Gasoline & ethanol) engine tecnology that can produce electricity eficientily using less fuel and poluting less.
    Offcorce don’t we forget to have a solar panel on the car roof top to help rechage baterries and refrigerete the car on a sunny day.

    And for that we will need fuel. So let’s procduce some.

    Wagner.

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Inside the Campaign to Demoralize Brazil’s House Speaker

The festival of explicit elitism has restarted, performed by the usual ones, those self-professed ...

More than 200 Brazilians Say Present at Dubai’s Big 5 Building Fair

The Big 5 Show, version 2008, the main building sector fair in the Arab ...

WTO Sides with Brazil in Chicken Dispute with EU

The World Trade Organization Dispute Settlement Panel has once again ruled in Brazil’s favor, ...

Forecasts for Brazil: 2.5% Growth, 5% Inflation, Dollar at 2.25 Reais

The Brazilian financial market, in its first survey this year, confirmed most of the ...

UK Wants G8 to Be G13 with Brazil Included

UK Prime Minister Tony Blair is calling for the G8 group of industrialized nations ...

Mango Growers from Bahia, Brazil, Find Buyers Overseas

Copefrul, the Brazilian Cooperative of Small Farmers of Fruit from Livramento and Surroundings, in ...

Poor Are Finally Benefiting From Brazil’s Boom Trade, Says Lula

Brazilian President Luiz Inácio Lula da Silva underscored, last week, that, for the first ...

Welcome to 2002

Instead of swift movement on a series of reforms that have been stuck in ...

Réveillon in Rio de Janeiro, Brazil

Iemanjá Is Waiting for Your White Roses on the Shores of Brazil

At the base of Corcovado mountain, about 100 men and women dressed all in ...