Brazil’s Petrobras, Vale, eye biodiesel partnership

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.

The memorandum also covers potash and nitrogen fertilizer as well as oil assets, gas, biodiesel and logistics.

Ultimately, the companies will develop a work plan that will include timelines and other details, Petrobras said.

By: Leo Siqueira
+1 713 525 2600

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