« Top Ethanol Producer, ISU Expert Team Up | Home | Guyana Looks Beyond Crime To Ethanol »
Petrobras Creates Biofuel Subsidiary
By Mr Ethanol | March 4, 2008
OilVoice:
Petrobras announces its Board of Directors has approved the creation of a company, a wholly owned Petrobras subsidiary, to undertake Biofuels activities. These attributions are currently spread among several company areas and subsidiaries, rendering management more difficult to perform.
The new company will absorb both ethanol production (CBios) and biodiesel input acquisition and processing, currently done directly by Petrobras, in addition to future investments. The purpose of this incorporation is to coordinate all biofuel productive chain activities in Brazil and abroad.

Ethanol and biodiesel marketing and logistics, in Brazil and abroad, will remain under the Downstream area of responsibility.
Petrobras’Strategic Plan calls for global performance in biofuel marketing and logistics, leading the Brazilian biodiesel production, and for boosting its share in the ethanol business, with investments forecasted at $1.5 billion through 2012.
Related posts:
- Petrobras Creates Biofuels Unit ...
- Iowa Ethanol Boom Creates 600 Jobs ...
- Petrobras To Invest In 20 Ethanol Mills By 2012 ...
- Brazil Petrobras To Export 605 Million Liter Ethanol In 2008 ...
- Ethanol Sales To Exceed Gasoline In Brazil By 2020, Petrobras To Shrink Oil Business To Focus On Biofuels ...
Related posts brought to you by Yet Another Related Posts Plugin.
Topics: Biofuel, Brazil, Industry, News |






