Petrobras buys stake in new biodiesel plant in Brazil

By Susanne Retka Schill | October 14, 2009
Posted November 19, 2009

Brazil's state-run Petrobras Biofuels acquired a 50 percent stake for $32 million in a BSBIOS SA plant in the state of Parana that is expected to begin commercial operations in the second quarter of 2010. The new plant has an installed capacity of 120 MMly (about 30 MMgy).

Petrobas Biofuel currently has a capacity of 324 million liters of biodiesel per year, with plants in Montes Claro, Dandeia and Quixada. The Parana plant will give the company a presence in the country's southern region. BSBIOS is one of the largest biodiesel producers in southern Brazil with a 160 MMly plant in Passo Fundo using soybean oil, canola and sunflower. The new plant at Marialva, Parana, is in the final stages of construction.

In October, the Brazilian government announced it would advance the implementation of a B5 mandate from 2013 to 2010. The Ministry of Mines and Energy said the B5 target should increase the production of biodiesel in Brazil to 2.4 billion liters, making Brazil the second largest producer of biofuels in the world. The ministry has also announced an oilseed research program to reduce the country's dependence upon soybean oil as a biodiesel feedstock.
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