Brazil Petrobras expands biofuel capacity 10 times over since '08

15 July 2011 22:26  [Source: ICIS news]

PORTO ALEGRE, Brazil (ICIS)--Brazil-based Petrobras has increased its annual capacity of biodiesel and ethanol 10 times over since 2008, from 170m litres to 1.7bn litres, the company said on Friday.

Petrobras’s biodiesel capacity was bolstered by its recent acquisition of a 50% stake in a BSBIOS biodiesel plant in Rio Grande do Sul. Prior to the acquisition, the two companies were already partners in a biodiesel facility in south Brazil.

Along with the company’s other biodiesel interests, Petrobras pushed its annual capacity of biodiesel to 720m litres/year.

Additionally, Petrobras plans to continue investing in ethanol production to satisfy global demand, the company said.

“We close 2010 with the capacity to produce over 1bn litres/year,” said Miguel Rossetto, president of Petrobras biofuels unit, Petrobras Biocombustivel. “We will soon have a new distillery in Colina, Sao Paulo.”

Petrobras has also started expanding plants in Bambui, Minas Gerais, and Boa Vista in Goias, Rossetto added.

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