$2 or higher gas - Can ethanol make a comeback? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : $2 or higher gas - Can ethanol make a comeback?

DAR 36.18

-1.2%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: richardred who wrote (2359)	3/9/2007 12:06:48 PM
From: richardred	Read Replies (1) of 2801

Petrobras expands international ventures Petrobras, a Brazilian international energy company, has signed three share purchase agreements for the acquisitions of Shell’s fuel businesses in three South American countries. The purchase of these retail and commercial fuel businesses will cost Petrobras approximately US$140 million. All acquisitions in these countries are subject to relevant government approvals. Petrobras will take control of 38 service stations in Bogotá, Colombia, along with a blending plant and a product terminal in Santa Marta, Colombia. In Paraguay, the company will take over the operations of 134 service stations—52 with convenience stores—throughout the country. A total of 89 service stations will be turned over to Petrobras in Uruguay. Petrobras also announced that its subsidiary, Petrobras International Braspetro BV, will be incorporating Brazil-Japan Ethanol Co. Ltd. in Japan. Brazil-Japan Ethanol’s main purpose will be to import and distribute Brazilian-produced ethanol. The company will also be in charge of identifying technical and commercial solutions for inserting ethanol into the Japanese market. Petrobras hopes that Brazil-Japan Ethanol will help the company break into the complex Japanese fuel market and provide additional options for consumers. The incorporation of Brazil-Japan Ethanol was enacted from Petrobras Strategic Plan 2005-2015, in which the company plans to expand its current international business. ethanolproducer.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next