Brazil’s Petrobras US$ 112 Billion Investment Includes Wind Energy and Biofuel

Aeolian farm in Paraná state, Brazil Petrobras, the Brazilian government-controlled oil company, plans to invest US$ 18.2 billion between 2008 to 2012 in the exploration and production, supply and international areas, aimed at supplying the natural gas demand in Brazil.

The information was disclosed by the Gas and Energy director at the company, Maria das Graças Foster, on detailing the organization's Business Plan for the Gas and Energy department. The plan forecasts total investment of US$ 112.4 billion in the period.

Of the US$ 18.2 billion, US$ 4.5 billion will be turned directly to the expansion of the gas pipeline grid and to the construction of liquefied natural gas (LNG) regasification terminals.

Another US$ 1.9 billion will be applied to energy development (biodiesel, wind energy and other alternative sources) and electric energy (construction and conversion of thermoelectric generators).

In the biofuel sector, Petrobras intends to expand operation in ethanol, to participate in the national productive chain for the development of international markets, focussing on logistics and trade.

And also wants to develop and lead national production of biodiesel turned to the domestic market as well as acting in opportunities on the foreign market, and to develop technologies to guarantee global leadership in the production of biofuels, including that made from low value-added raw materials (residual biomass).

Tags:

You May Also Like

Brazil Unbans YouTube, But Steamy Video Is Still Off-Limits

São Paulo judge Ênio Santarelli Zuliani issued a statement today asking Brazilian Internet Service ...

Fearing the Fed Brazil Stocks Decline

Brazilian equities continued downward deepening its already-steep declines this week. Investors in Brazil will ...

Brazil Searches for New Defense Minister on Heels of Air Tragedy

Things might change, but at this point it seems quite unlikely that Brazil's Defense ...

Brazil Reminds Chavez of Need for Freedom of Expression and Independent Justice

While saying it is a “good friend” of Venezuela and his president, Hugo Chavez, ...

Vote-Buying Scandal Makes First Victim in Brazilian Congress

The leader of a junior party of the Brazilian ruling coalition was forced to ...

Portugal Firm EDP to Invest US$ 344 Million in Brazilian Energy

Company Energias de Portugal (EDP) wants to invest 270 million euros (US$ 344 million) ...

Aon Affinity Makes Brazil Its Latin American Base

Aon Corporation, a company headquartered in Chicago and specialized in risk management and human ...

Febem, São Paulo, Brazil's institution for delinquent minors

Quotas Are Just a Palliative. Brazil Needs Equal Opportunity for All.

One hundred twenty years after the abolition of slavery, two photographs, side by side, ...

For Amazon Indians the Belo Monte Dam Means the Destruction of the House of God

The Belo Monte Dam project along the Xingu River had its preliminary plans drawn ...

Brazzil Joins Pearl Travel Guides to Bring You a Brazil You Haven’t Seen Before

Brazzil Travel is a new publication from the Brazzil group of sites. It has ...