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Brazil’s Petrobras Made First Ethanol Shipment To US
By Mr Ethanol | May 4, 2007
Cattle Network:
Brazil’s state-run oil firm Petroleo Brasileiro SA (PBR), or Petrobras, last week made its first shipment of ethanol to the United States, the O Globo newspaper said Friday.
A vessel with 12,000 cubic meters of ethanol left the port of Rio de Janeiro for the U.S., the paper said.
The company this month plans another shipment of 20,000 cubic meters of ethanol to the U.S.
Petrobras in March had said it would ship ethanol to the U.S. for the first time this year.
Despite imposing an import tax of more than $0.50 per gallon against Brazilian ethanol, the U.S. is Brazil’s top ethanol export market. Last year, some of Brazil’s top ethanol exporters to the U.S. were Shell do Brasil, the subsidiary of Royal Dutch Shell PLC (RDSA), and Cosan SA (CSAN3.BR).
Petrobras said it should export around 850 million liters of ethanol in 2007, which includes markets like Nigeria and Venezuela and test volumes to Japan.
Topics: Brazil, Ethanol, News |
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