Search Results for 'petrobras'

Petrobras seeks to divest 45.9% Guarani stake by year’s end

Petrobras seeks to divest 45.9% Guarani stake by year’s end

October 20, 2016 |

In Brazil, Petrobras has hired Banco Itau BBA to sell its 45.9% stake in Guarani, the sugar and ethanol producer jointly owned by Tereos International that represents the oil company’s entire ethanol production capacity via seven mills. Tereos, which owns 54.1% of the sugarcane company, is the expected frontrunner to purchase Petrobras’ shares. It is […]

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Petrobras’ withdrawal from biodiesel could reignite interest in the industry

Petrobras’ withdrawal from biodiesel could reignite interest in the industry

October 17, 2016 |

In Brazil, Petrobras’ withdrawal from biofuel production isn’t expected to have an impact on the country’s biodiesel supplies as 50% of installed capacity is currently mothballed. Although policy is meant to support increased blending over time between the current 7% and 15% in 2020. Petrobras Biofuel’s participation in the bimonthly ANP auctions this year through […]

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Petrobras to shut down Ceará biodiesel plant from November

Petrobras to shut down Ceará biodiesel plant from November

October 10, 2016 |

In Brazil, Petrobras Biofuels, a subsidiary of Petrobras, will close down the biodiesel plant in Quixadá, Ceará, from November, in line with the company’s strategy to fully leave the production of biofuels, reported the state oil company on Friday. The company explained that the decision was communicated to employees, unions, customers and drive suppliers. The plants […]

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Petrobras may cut gasoline prices that would in turn hurt ethanol producers

Petrobras may cut gasoline prices that would in turn hurt ethanol producers

September 21, 2016 |

In Brazil, Petrobras may cut pump prices for gasoline and diesel for the first time since September 2015 to bring them inline with international competitors but doing so will put a major squeeze on ethanol producers. The state-owned company’s capacity to set prices has been liberated, allowing it to change prices from one day to […]

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Petrobras to back out from biofuels for good

Petrobras to back out from biofuels for good

September 20, 2016 |

In Brazil, Petrobras announced it will refocus its energies on the production of oil products and divest other industries where it participates including biofuels, if the market shows interest to buy its assets. The company owns significant minority shareholding in sugarcane ethanol plants with France’s Tereos International, run locally as Guarani. Petrobras has been reeling […]

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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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