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). Leer más »

SAO PAULO (Reuters) – Royal Dutch Shell plans to form an ethanol and fuel distribution joint venture worth up to $12 billion with Brazilian sugar and biofuel giant Cosan, becoming the latest global energy company to buy into one of Brazil’s fastest-growing industries.

The deal, announced on Monday, marks Shell’s first foray into ethanol production and follows moves by British oil company BP, which in 2008 took a stake in a big Brazilian biofuel project and unveiled $1 billion in investments.

Cosan shares jumped 12 percent in Sao Paulo, compared with a 1.1 percent gain by the benchmark Bovespa index. Shell shares rose 1.1 percent in London, outperforming a 0.3 percent rise in the Dow Jones European oil and gas index. Leer más »

JUIZ DE FORA, Brazil, Jan 19 (Reuters) – Brazil on Tuesday opened the world’s first ethanol-fueled power plant in an effort by the South American biofuels giant to increase the global use of ethanol and boost its clean power generation.

State-run oil giant Petrobras (PETR4.SA)(PBR.N) and General Electric Co (GE.N), which helped design the plant, are betting that increased use of ethanol generation by green-conscious countries will boost demand for the product.

Brazil, the top global ethanol exporter, is already in talks with Japan to develop biofuels power generation there. Leer más »

The brazilian state company Petrobras considers the possibility to install biodiesel factories in European territory, said the day 23rd the manager of biofuels of the company, Fernando Cunha.Â

Speaking in the Chamber of Commerce Brazil-France, Cunha declared that they already have contacts with French and Spanish companies keeping in view the installation of biodiesel factories that will use brazilian raw material. Leer más »