Search Results for 'petrobras'

New Petrobras CEO may usher in a new era for ethanol industry

New Petrobras CEO may usher in a new era for ethanol industry

June 14, 2016 |

In Brazil, Petrobras’ new CEO says the days of government-subsidized gasoline will soon be over, boosting demand for flex-fuel vehicles and E100 hydrous ethanol to fuel them. Though the move is likely to create inflation pressure, the main reason for having continued the failed policy for slow long, it should stimulate demand for both domestic […]

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Petrobras fighting internally whether to cut gas prices, wreaking havoc on ethanol producers

Petrobras fighting internally whether to cut gas prices, wreaking havoc on ethanol producers

April 4, 2016 |

In Brazil, an internal struggle between Petrobras’s board and management is wreaking havoc in global sugar markets and has the ethanol industry on edge as the two sides fight over lowering gasoline prices or not. The board wants to keep prices where they are while management wants to cut prices to counteract falling demand that […]

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Petrobras finalizes equity raise in Guarani

Petrobras finalizes equity raise in Guarani

November 2, 2015 |

In Brazil, Petrobras has instead of selling off its ethanol assets in a fire sale meant to help secure cash to pay off mounting debts has raised its shareholding in Guarani to 45.9% with a $69.7 million capital injection. The investment was part of an original agreement to boost shareholding and was agreed on the […]

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Brazilian hydrous ethanol seen rising 3% following Petrobras’ price shift on fossil

Brazilian hydrous ethanol seen rising 3% following Petrobras’ price shift on fossil

October 5, 2015 |

In Brazil, hydrous ethanol prices are expected to rise 3% as a result of Petrobras’ move to raise gasoline and diesel prices 6% and 4% respectively. Even with higher prices, the amount of ethanol sold is expected to also increase, boosting the overall national consumption of ethanol during the next 10 to 15 days before […]

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Petrobras raises gasoline and diesel prices but too late in the cane crush to help mills immediately

Petrobras raises gasoline and diesel prices but too late in the cane crush to help mills immediately

September 30, 2015 |

In Brazil, Petrobras announced it will raised gasoline prices 6% and diesel prices 4% which is expected to have an immediate positive impact on ethanol prices as demand shifts away from more expensive fossil fuels. Though the policy shift wasn’t intended for the sole benefit of the sugarcane industry, it will benefit anyway in the […]

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Petrobras still believes in ethanol for energy security

Petrobras still believes in ethanol for energy security

July 6, 2015 |

In Brazil, despite looking to sell off the majority of its ethanol assets in nothing less than a fire sale, Petrobras’ CEO says the company still believes ethanol is key for the company to reduce its dependence on foreign oil. He said Petrobras is keeping fuel prices in line with market forces.

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Guarani only willing to pay Petrobras half the value of its 42.9% equity stake

Guarani only willing to pay Petrobras half the value of its 42.9% equity stake

June 23, 2015 |

In Brazil, Petrobras hasn’t managed to secure a buyer willing to pay the asking price for its 42.9% stake in Guarani’s sugar and ethanol mills. Tereos, who owns the majority of Guarani, has offered $200 million but Petrobras says it’s not enough. The asset is on the company’s books as being worth $407 million, plus […]

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Petrobras looking to sell off many of its ethanol assets to raise cash

Petrobras looking to sell off many of its ethanol assets to raise cash

June 18, 2015 |

In Brazil, Petrobras is seriously looking to offload some of its ethanol production assets in a shock move that would leverage cash to service some of its overwhelming debt and offshore drilling activities. Potential investors have apparently already been shown some of the assets that could be on offer. The company would not be looking […]

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Petrobras sees high biofuel blends keeping Q2 fossil fuel imports flat

Petrobras sees high biofuel blends keeping Q2 fossil fuel imports flat

May 18, 2015 |

In Brazil, Petrobras expects greater ethanol and biodiesel use to keep Q2 fuel imports flat against the previous quarter at 150,000 b/d of gasoline and about 50,000 b/d of diesel. More biofuel use thanks to recent increases in ethanol and biodiesel mandates should continue to keep control over imports but demand for ethanol remains unclear.

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Petrobras Biofuels to produce biodiesel from fish waste

Petrobras Biofuels to produce biodiesel from fish waste

January 22, 2015 |

In Brazil, Petrobras Biofuels will begin producing biodiesel from fish oil, buying 15 metric tons per month of fish waste from around 300 fishing families. Production will take place at the company’s facility in Quixadá, near Ceará. By the end of the year the company expects to purchase fish waste from 600 families.

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