Posted by: davidgarnerconsulting | March 17, 2010

Brazil: PetroBras to Double Biofuel Prodcution

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Sao Paulo, Brazil, 2 March – Brazilian state oil company Petrobras said Monday it would invest 66 million reals to double production at the country’s biggest biodiesel factory.

The investment will make it possible to increase production at the Candeias unit from 108.6 million litres per year to 217.2 million litres per years, the company said in a statement.

The unit, located in Candeias, in the state of Bahia in north eastern Brazil, and opened in 2008, was Petrobras’ first biodiesel unit, is responsible for producing 35.7 percent of all the renewable fuel produced by the company.

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Of the 157 million litres of biodiesel produced by Petrobras since 2008, 56 million were manufactured at the Candeias unit the statement said.

Biodiesel is a derivative of oil producing plants such as soy, sunflowers and palm, with which Brazil plans to encourage production by smallholders and reduce gas emissions.

In order to encourage production of this vegetable-based fuel, Brazilian legislation requires distributors to mix 4 percent biodiesel into every litre of conventional diesel sold. (macauhub)

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