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

    Brazilian biofuel

    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    Your email address will not be published.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

    Brazil's Gomes da Costa

    Brazil Adds Arabic and Cuts Salt to Sell Tuna to Iraq and Arab Market

    Gomes da Costa, a Brazilian company, leader in the fishery market in Latin America, ...

    Fish in Brazilian market

    Minister Promises Brazil Will Soon Become a Big Fish Exporter

    Brazilian Minister of the Special Secretariat for Aquaculture and Fisheries, Altemir Gregolin, considered the ...

    Brazil Confident Job Market Will Expand

    With the creation of 102,965 new jobs in March, formal employment in Brazil grew ...

    Brazilian writer Paulo Coelho

    Paulo Coelho Talks About Brazil’s Violence and Sounds Gloomy and Hopeless

    Worldwide bestseller and Brazil's best-known writer overseas, novelist Paulo Coelho, the author of The Alchemist, ...

    What Portuguese Is This?

    In Brazil there is almost a total ignorance about the mother nation. After a ...

    Brazil to Lower Its Long-Term Interest Rates to 9%

    Latin American stocks were mixed, with Brazilian shares slumping on profit taking following recent ...

    Carrier pigeons

    Brazilian Police Detain Pigeons Bringing Inmates Cell Phones

    Brazilian inmates were found to be using carrier pigeons to smuggle cell phones onto ...

    Brazil Just US$ 3 Billion Short of Year’s Surplus Goal: US$ 44 Billion

    Brazilian exports generated US$ 11.86 billion in November, a record value for the month, ...

    60% of Brazilians or 48 Million People Work Under the Table

    Over half of Brazilian workers make their livings in the informal economy, estimated in ...

    Rapidinhas

    Beach beauty Michelle Patrícia Martins, the 1996 Rio’s Summer Muse, had a previous brush ...