Brazil Petrobras to expand biodiesel plant capacity by 40%

26 January 2012 23:55  [Source: ICIS news]

PORTO ALEGRE, Brazil (ICIS)--Brazil-based energy company Petrobras plans to increase capacity at its biodiesel plant in Montes Claros, Minas Gerais, by 40%, the company said on Thursday.

The expansion plan was part of a deal that Petrobras signed with the state government of Minas Gerais, it said. Under a letter of intent signed by the two, the plant would increase its biodiesel production from 108.6m litres/year to 152m litres/year, Petrobras said.

The value of the expansion project is reais (R) 28m ($16m, €12m).

($1 = R1.76)
($1 = €0.76)

By: Leo Siqueira
+1 713 525 2600

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