19 November, 2008

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The Brazilian state oil company Petrobras will invest 1.500 millions of dollars from 2008 to 2012 in projects of biodiesel and ethanol production, as announced this Tuesday the own company during the International Conference of Biofuels that is carried out in Sao Paulo.Â

The investments will be made through Petrobras Biocombustible, integral subsidiary of the brazilian state company, created on past July 29th.Â

“With the creation of that enterprise, the company gets ready to assist part of the growing world demand of biofuels, besides reinforcing its commitment with the environment and with the social development in a sustainable way”, Petrobras assured.Â

“The biofuels contributes to the reduction of the global heating and facilitate the employment and rent generation, mainly in the country, with the use of the family agriculture in the production of raw materials”, said the state company.Â

And, “the biodiesel production will allow a smaller dependence of the external market, reducing the volume of diesel imports, what contributes to improve the result of the brazilian commercial scale.”Â
Petrobras Biocombustibles inaugurated two biodiesel factories recently in the municipalities of Candeias (state of Bahia, northeast) and of Quixadá (Ceará, northeast), while a third in Montes Claros (Minas Gerias, southeast), is in phase of “operative aconditioning.”Â

The total capacity of biodiesel production of the three factories will be of 170 million liters per year. In Brazil the use of 3% biodiesel in the diesel derived from petroleum is obligatory, for what it needs to produce 840 millions of that biofuel per year.Â

Source: Invertia

This article is dated Wednesday, November 19th, 2008 5:56 pm under , Asociación Argentina de Biocombustibles e Hidrogeno, FAA, Fiem, ion-lithium, Kurata.
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