Petrobras seeks quick return to ethanol

In Brazil, Zack’s reports Petrobras is exploring a return to ethanol production having previously divested its assets to reduce its debt load. Currently Petrobras is in discussions with Raízen, BP plc BP and Inpasa to make a quick re-entry into the ethanol market as part of its $111 billion strategic plan for 2025-2029, going big from the beginning rather than starting from scratch. Raízen offers the opportunity to get into sugarcane-based ethanol while Inpasa would allow an entry intro corn-based ethanol.