Agência Brasil*
Brasília – Many regions in Africa have favourable soil and climate conditions for bio-fuels production, according to the president of Petrobras, José Sergio Gabrielli. He was a member of the Brazilian delegation that accompanied president Luiz Inácio Lula da Silva in Davos, Switzerland, during the World Economic Forum, which ended yesterday (28).
The suggestion for the African continent to become a producer of renewable fuel was made in Davos by president Lula, who offered Brazilian technology to help the Africans. "We believe this might be a way out for these countries," said Gabrielli. "The key issue, though, is not technology, but rather the financial aspect," Lula claimed.
Lula suggested to the businessmen in attendance at the World Economic Forum that wealthy countries might finance projects for bio-fuel production. "This is a business that should attract the interest of leading investors, because the prospect of making profit is very high," said Gabrielli.
*Translated by Gabriel Pomerancblum
