Brazil Petrobras plans commercial biodiesel project

10 July 2012 23:25  [Source: ICIS news]

CAMPINAS, Brazil (ICIS)--Brazil-based Petrobras signed on Tuesday a memorandum of understanding with the state of Rio Grande do Norte to convert a pilot biodiesel plant to commercial production, the company said on Tuesday.

Under the deal, the pilot plant would produce 20m of litres/year of biodiesel by the first half of 2013, Petrobras said.

Investments to convert the pilot plant should be reais (R) 5.1m ($2.5m, €2.0m), the company said.

The plant is in the city of Guamare.

When completed , the unit could supply nearly all Rio Grande do Norte's biodiesel demand, which is around 22m litres/year, Petrobras said.

($1 = R2.03)
($1 = €0.81)

By: Leo Siqueira
+1 713 525 2600

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