Brazil Petrobras to increase Guarani stake to 45.7% by 2015

10 April 2013 21:32  [Source: ICIS news]

CAMPINAS, Brazil (ICIS)--Brazil state energy producer Petrobras plans to increase its stake in the ethanol company Guarani to 45.7% by October 2015, it said on Wednesday.

In April 2011, Guarani and Petrobras announced plans to build an ethanol plant in Colina, Sao Paulo.

When completed, the plant will have a capacity to produce 107,000 cubic metres/year of ethanol, Petrobras said.

In addition, ethanol producer Guarani plans to expand sugarcane-to-sugar processing capacity, ethanol production and power cogeneration in the next four years, Petrobras said.

By: Leo Siqueira
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