Petrobras in biofuels tie-up with Tereos

Petrobras

03-05-10

Petrobras, Brazil's national oil company, and Tereos, a French maker of sugar and starch products, have agreed to invest up to R$2.2bn (US$1.2bn) in a strategic partnership to develop opportun ties in Brazil's fast-growing ethanol industry.

It follows other significant investments in Brazilian biofuels by international oil companies including BP and Shell.

Source: www.ft.com/cms/s/0/1fa6f5d6-564a-11df-b835-00144feab49a.html

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Category: Bioethanol, Biodiesel, Brazil