Petrobas Converses with Ethanol Producer

Brazil state-controlled oil giant Petrobras says it is talking to privately-held ethanol company Brenco – as well as with others in the petrochemical and ethanol sectors – about potential partnerships. Petrobras says it is “in talks with Brenco to identify potential synergies in biofuel production.” However, it states that these conversations are preliminary and that no agreement has yet been signed. Brazil-based Brenco claims to produce 15% of Brazil’s ethanol and 4% of total world output.