1 September, 2010

x

Send to a Friend:

Your name:
Your email:
Friend name:
Friend email:

     

SAO PAULO(MarketWatch) — Brazilian state run energy company Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said late Friday that it acquired a 50% stake in the local biodiesel company Bioleo Industrial e Comercial, for 15.5 million Brazilian reals ($8.8 million).

“Bioleo is an oil extraction plant located in Bahia state, with capacity to process 130,000 tons of grains of several types of oilseeds. The unit has installed capacity to store 30,000 tons of grain and tankage for 10 million liters of oil,” said Petrobras.

“The control of the company will be shared among Petrobras and the other partners, who remain with a 50% stake in Bioleo. The agreement also provides for investments of BRL6 million for operational and HSE (Health, Safety, and Environment) improvements to be disbursed equally by the partners,” it added.

ShareBy Rogerio Jelmayer

 SOURCE: MARKET WATCH

This article is dated Wednesday, September 1st, 2010 3:13 pm under , biodiesel, BIOLEO, BRAZILIAN BIODIESEL, ENVIROMENT, Petrobras.
You may leave a comment, or send a trackback from your site.