Petrobras, a major oil company, is reportedly shifting its biofuel strategy by favoring corn inputs and potentially sidelining its partners in the sugarcane ethanol market.
1 report, 1 independent
Updated Aug 19
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What happened
Petrobras, a major oil company, is reportedly shifting its biofuel strategy by favoring corn inputs and potentially sidelining its partners in the sugarcane ethanol market.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Petrobras
Brazilian multinational oil and gas corporation
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Cosan
Brazilian energy company
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Shell
British multinational oil and gas company
Related events
- Petrobras shares geological characteristics with oil-rich zones in Guyana and Suriname.
- Petrobras operates the Búzios Field off the coast of Rio de Janeiro using the FPSO Almirante Tamandaré, while also being linked to Trump-era tariffs and Ken Fisher's investment discussions.
- Petrobras, the state-controlled oil giant, is facing pressure regarding consumer fuel costs while navigating strategic shifts, including the divestiture from Vibra Energia in 2019. Lula has voiced concerns over the price disconnect, with Magda Chambriard as a key executive.
- Petrobras operates in Brazil.
Coverage
Newest first; wire copies grouped- ReutersPetrobras favors corn over cane for ethanol, may exclude Raizen, sources say RIO DE JANEIRO (Reuters) -Brazil's Petrobras is leaning toward corn as the raw material for a renewed foray into ethanol,