Rio de Janeiro \u2013 The Brazilian state-owned oil company Petrobras is going to start manufacturing ethanol this month at the Bambu\u00ed Plant, in the city of the same name, located in the state of Minas Gerais. This will be the first ethanol manufacturing plant owned by Petrobras, which has acquired a 40.4% stake in the unit from sugarcane company Total Agroind\u00fastria Canaviera, by means of its subsidiary Petrobras Biofuels.<\/p>\n
Investment should total 150 million Brazilian reals (US$ 84.7 million) and is part of Petrobras\u2019 Strategic Plan to produce biodiesel and ethanol by 2013, totalling 5 billion reals (US$ 2.8 billion). With the investment, the plant\u2019s production capacity is going to rise from 100 million litres to 204 million litres per year, by 2012.<\/p>\n
The aim of Petrobras is to produce 750 million litres of ethanol by the end of the year, a figure that should increase to 4 billion litres by 2013. \u201cThe volume is going to grow through participation in ongoing enterprises, as well as in new projects that the company intends to develop in coming months,\u201d said the chairman of Petrobras Biofuels, Miguel Rosseto.<\/p>\n
The unit in Bambu\u00ed will be overhauled, its storage capacity should double, and planted area should increase from the current 8,000 hectares to 30,000 hectares. Furthermore, approximately 1,000 new employees should be hired up until 2012.<\/p>\n
*Translated by Gabriel Pomerancblum<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
The state-owned company will start producing this month in Bambu\u00ed, Minas Gerais. Investment should total US$ 84 million and the plant\u2019s initial capacity will be 100 million litres a year.<\/p>\n","protected":false},"author":2315,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[102],"tags":[],"class_list":{"0":"post-34230","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-agribusiness"},"wps_subtitle":"The state-owned company will start producing this month in Bambu\u00ed, Minas Gerais. Investment should total US$ 84 million and the plant\u2019s initial capacity will be 100 million litres a year.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/34230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=34230"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/34230\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=34230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=34230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=34230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}