14 August 2012 19:38 [Source: ICIS news]
CAMPINAS, Brazil (ICIS)--Brazilian companies Vale and Petrobras may produce biodiesel in the state of Para through a partnership, Petrobras said on Tuesday.
Vale plans to build a palm oil-based ethanol plant in the state of Para by 2015.
The biodiesel made from palm oil is called B20 and contains a blend of 20% of palm oil.
Petrobras also plans to build a biodiesel plant in the state of Para.
The plant, which is included in the company's 2012-2016 business plan, would produce 230m litres/year of biodiesel to meet the needs of northern Brazil, Petrobras said.
On 13 April, Petrobras and Vale signed a memorandum of understanding (MoU) that addressed fertilizer production. Brazil imports much of its fertilizers.
Ultimately, the companies will develop a work plan that will include timelines and other details, Petrobras said.
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