12 December 2012 21:14 [Source: ICIS news]
The expansion brings capacity to 152m litres/year (40m gal/year), a 40% increase from the previous production of 108.6m litres, according to the company.
The expansion is intended to supply the local domestic market with biodiesel in Minas Gerais, the second-most-consuming state in Brazil.
"With this investment we will increase supply and reduce the need to import from other states to meet demand in the mining market, and expand local employment and agricultural income in the region," president of Petrobras Biocombustiveis, Miguel Rossetto, said.
Brazil is the world's second-largest soybean producer, behind the US and ahead of Argentina. Soybean oil makes up about 85% of the feedstock for Brazilian biodiesel production.
Petrobras owns three biodiesel production plants in Candeias, Bahia, Quixada, Ceara and Montes Claros, Minas Gerais), with total production capacity of 765m litres/year, the company said.
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