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Friday, December 28, 2007

Bioenergy pact between Europe and Africa

Bioenergy pact between Europe and Africa: "Friday, December 21, 2007 | Petrobras to build 10 biodiesel plants by 2012

Petrobras plans to construct as many as 10 biodiesel plants by 2012 as part of a plan to become the leading producer of the fuel in Brazil with an estimated annual output of 850 million liters (224 million gallons).

Currently, the company is finalising the construction of three units that will start to operate in March of 2008, in the states of the CearĂ¡, Minas Gerais and Bahia.

According to Petrobras' director of supply, Pablo Robert Coast, each of the new plants will have capacity of 60 million liters (15.8 million gallons) of biodiesel per year and cost between R$ 60 million and R$ 70 million (€23.2-27 / US$33.3-38.9 million)."
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