Brazil's Petrobras Plans to Build Ethanol Pipeline, Estado Says

Bloomberg.com
By Adriana Brasileiro

Jan. 31 (Bloomberg) -- Petroleo Brasileiro SA plans to build a 2 billion real ($1.06 billion) pipeline to transport ethanol from mills in Brazil’s central and southeastern regions to the rest of the country, O Estado de S. Paulo reported, citing Paulo Roberto Costa, the company’s supply director.

Petrobras, as the state-controlled oil company is known, plans to build the pipeline in a consortium with Japan’s Mitsui Co. and real estate developer Camargo Correa SA, the newspaper said.

Read the full story