• Categories
  • Archives

Petrobras Biofuel Has Big Plans for Brazil

Petrobras tank of castor oil, a biofuel Petrobras tank of castor oil, a biofuel

Petrobras tank of castor oil, a biofuel The Board of Managers at Brazil's Petrobras Biofuel is going to present, during a meeting scheduled for late August, a preliminary proposal for revising the strategic plan for the biofuels sector and there are plan to expand the money invested in biofuel.

A "significant" increase in the investment volume scheduled for the period ranging from 2009 to 2013 is forecasted. The information was supplied by the president of the new Petrobras subsidiary, Alan Kardec.

Kardec assumed the direction of the holding company last July 29, in the city of Candeias, state of Bahia. On that day, during the meeting of the Board of Managers, it was decided that the current plan needed revision, and that a strategic plan for the biofuel area from 2009 to 2013 must be devised quickly.

To the president at the holding, it is still too early to disclose figures. However, he asserted that, after the revision, there is going to be a "significant" increase of investment in the sector – the forecasted total in the 2008-2012 strategic plan is US$ 1.5 billion.

"It is evident that funds cannot remain at its current level, because they also include capital for the construction of two alcohol pipes, which should single-handedly absorb 46% of total investment."

Alan Kardec claimed that, taking into account what is expected of the new company, whose production goal is of nearly 1 billion liters of biodiesel until 2012, a greater investment volume than the current one will surely be required. "Thus, it is safe to say that investment will be greater."

ABr

Tags:

  • Show Comments (0)

Your email address will not be published.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 Copersucar warehouse

Brazil’s Largest Sugar Company Sells 33% of Its Exports to Arabs

Brazil's sugar and alcohol company Copersucar ships 33% of its sugar exports to the ...

In Brazil, Violence Is Resposible for 68% of Deaths of Male Youths

Although the number of men in Brazil who died violent deaths between 2002 and ...

Brazil Calls for Total Ban on Nuclear Weapons

“As long as you do not have complete disarmament, which is what Brazil favors, ...

World Bank Helps Care for Brazilian Indian Health

Brazilian Indians in 13 states will receive US$ 3.2 million (8 million reais) in ...

Brazil Wants 73 New Sugar Mills to Boost Alcohol Production

Brazil’s Minister of Agriculture, Livestock, and Supply, Roberto Rodrigues, said that he will examine ...

Brazil Wants More Business with the UK, Says Lula in London

Brazilian President Luiz Inácio Lula da Silva told an audience of Brazilian and British ...

Front page of O Estado

Brazil’s Supreme Upholds Censorship of Renowned Daily O Estado

The Brazilian Federal Supreme Court, the highest ranking court in Brazil, ruled against an ...

Brazil Indians against Belo Monte dam

Brazil Incensed with Criticism to the Construction of Belo Monte Dam

Earlier this month the Human Rights Commission at the Organization of American States (OAS) ...

Brazil’s First Job Program Includes Youths from Quilombos

For the first time youths who reside in Quilombos will be included in the ...

Rio São Francisco in Brazil

Brazilian Bishops Urge Lula to Reconsider River Transposition

The vice president of Brazil, José Alencar, and the National Conference of Bishops of ...