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Itochu and Petrobras To Produce Bioethanol for Export to Japan
7 June 2007
Nikkei. Japanese trading company Itochu Corp. and Brazilian state-run oil firm Petroleo Brasileiro SA (Petrobras) will partner to produce sugar-cane-based bioethanol for export to Japan beginning sometime around 2010.
As part of the plans, Itochu and Petrobras will grow sugar cane as well as build five to seven refineries in the northeastern state of Pernambuco. Plans are to produce 270,000 kiloliters (71.3 million gallons US) of bioethanol a year.
The facilities will be developed into a major production and shipping base for ethanol bound for Japan, with export revenue expected to hit 2.1 billion reals (US$1 billion).
Sales of gasoline blended with ethanol in Japan began in April.
June 7, 2007 in Brief | Permalink | Comments (3) | TrackBack (0)
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Comments
It must bee 71,3 million gallon per refinary. Otherwise you don't get $1 billion of annual revenue.
Posted by: Henrik | Jun 7, 2007 11:19:18 AM
I wonder how much longer it will be before Venesuela decides that they have to put an end to it. They are already chapped that Brazil is not danceing to their Anti-american B.S. And now compatition to the oil monopoly.
Posted by: lou | Jun 7, 2007 6:57:30 PM
Posted by: Rafaela | Jul 27, 2007 5:15:57 AM
