Petrobras to invest $2.33 in EMBRAPA research for Rio Grande do Sul

Biofuels Digest

Meghan Sapp

December 2, 2013

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Petrobras Besting Sugar Mills in Ethanol Boom: Corporate Brazil

Bloomberg BusinessNews

By Lucia Kassai and Stephan Nielsen

May 15, 2013

 

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Cheap Petrobras Gas Hurts Ethanol Investments: Corporate Brazil

Bloomberg BusinessWeek

By Stephan Nielsen on April 04, 2013

 

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Petrobras seen producing 29% more ethanol during 2013/14

Biofuels Digest
Meghan Sapp
February 6, 2013   Read more

Petrobras Ethanol Pipeline Pullback Raising Fuel Price

BloombergBusinessWeek
By Stephan Nielsen on November 26, 2012   Read more

Brazil Could ‘Destroy’ Petrobras, Says Newedge: Report

Barron's
November 23, 2012, 12:45 P.M. ET.
By Brendan Conway

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Brazil's Petrobras opts out of ethanol pipeline

The Wall Street Journal
Oct. 26, 2012, 2:52 p.m. EDT
By MarketWatch

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Petrobras backs more ethanol in gasoline to cut imports

Reuters
Thu Oct 4, 2012 12:44pm EDT
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Petrobras Ethanol Partner Seeking to Sell Stake, Valor Reports

Bloomberg
By Lucia Kassai - Aug 31, 2012 7:22 AM CT   Read more

Brazil's Petrobras CEO: Return of Ethanol to Resolve Gasoline Imports

Fox Business
Published August 07, 2012
Dow Jones Newswires

Brazilian state-run oil giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, expects a recovery in the country's sugarcane ethanol production in the next two years to "resolve" its need for gasoline imports, Chief Executive Maria das Gracas Foster said Tuesday.

In a press conference, Ms. Foster said she believes Brazil's ethanol output, which has been in decline for the past two years because of weak cane harvests, should be "back" by 2014.

"What I hear from the cane millers, with whom I have very little contact...is that there's a positive expectation that alcohol will start coming back next year and that by 2014 it will be present," Ms. Foster said.

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Petrobras Seeks to Stem Fuel Losses by Adding Ethanol

Bloomberg

By Mario Sergio Lima - Jul 6, 2012 9:42 AM CT
Petroleo Brasileiro SA (PETR4) plans to stem losses from fuel imports using cheaper Brazilian-made biofuels as analysts forecast profit will decline to an eight-year low.

Petrobras, as the company is known, is asking the government to let it mix more sugarcane-based ethanol into its gasoline, two officials with knowledge of the discussions, who asked not to be identified because the matter isn’t public, said June 29. The move would help halt losses estimated at $375 million as refinery shortages force the company to import fuel.

Chief Executive Officer Maria das Gracas Foster obtained permission from the government, which controls Petrobras’s board, for a fuel price increase on June 15 to reduce the discount to international prices. She started meeting last month with analysts and investors in Rio de Janeiro, New York and London to explain how the company will fund $236.5 billion of investments over five years and more than double oil production by 2020.

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Opportunities limit Petrobras' ethanol investments

Reuters
Mon Jun 25, 2012 9:31pm IST

* Petrobras says investment opportunities are limited in ethanol
* Investments in ethanol declines in new five-year plan - CEO

RIO DE JANEIRO, June 25 (Reuters) - Sparse opportunities in Brazil's ethanol sector have limited the number of new biofuel projects in the five-year investment plan of the state-led oil company Petrobras, Chief Executive Maria das Gracas Foster said on Monday.

Petrobras hopes to become the world's largest exporter of ethanol over the next decade and one of Brazil's largest producers by forming minority partnerships with milling groups here.

Investments in Brazil's ethanol industry have dried up over the past few years after a boom that peaked in 2007-2008 which brought tens of billions of dollars in investments into the industry.

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