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Petrobras in 10-year, $820M contract to supply Toyota Tsusho with ethanol for Bio-PET project

Petrobras recently signed a contract to supply Toyota Tsusho Corporation (TTC) with hydrated ethanol for ten years. The Brazilian sugarcane ethanol will be used as feedstock in a chemical ethanol project that TTC is deploying with a local partner in Taiwan to produce Bio-PET.

Bio-PET is polyethylene terephthalate; it consists of 70% terephthalic acid and 30% monoethylene glycol, by weight. Bio-PET is made by replacing monoethylene glycol with a biological raw material derived from sugar cane. Toyota Motor recently announced that it will expand its use of Bio-PET in vehicles. (Earlier post.)

Petrobras will deliver 143,000 cubic meters (143 million liters, 37.8 million gallons US, of ethanol per year, and the contract is estimated to be worth some $820 million.

This is Petrobras’s first long-term ethanol supply contract, the company said, and it ranks the company among the biggest global players in the industry.

Petrobras Biocombustível will be responsible for providing the contractual volume through a contract with Petrobras.

(A hat-tip to Harold!)

Comments

Henry Gibson

There is still a lot of pretending going on in the world that Bio-fuels and bio-chemicals are not ruining the landscape and starving people at the same time.

TOYATA can get enough money to order a CANDU 600 reactor and get it installed within five years, in Brazil or China if necessary to compensate for its production of CO2. It would be best to install one in the US and one Japan at first, but this is not possible because of politicians and others falsely causing people to believe that nuclear reactors are more dangerous than cell phones or automobiles.

Every kind of food a person eats has always been radioactive as has every live thing. ..HG..

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