14 December 2011 16:55 [Source: ICIS news]
SAO PAULO (ICIS)--Brazil-based Petrobras, Tereos Internacional and state energy producer Petroleos de Mocambique (Petromoc) signed a deal for a possible joint venture to produce ethanol in the southeast African country, the companies said on Wednesday.
Tereos said the joint venture would produce the ethanol from molasses.
Tereos and Petrobras are already partners in a cane-sugar mill in Mozambique, called the Companhia de Sena. The mill has a grinding capacity of 1.2m tonnes of sugarcane
The proposed project aims at meeting ethanol demand, caused by the introduction of a 10% blending mandate for the biofuel, Tereos said.
Petrobras and Tereos also are partners in the Guarani joint venture in Brazil.
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