Brazil: Oil company Petrobras opens biodiesel factory in northeast of country

30 July 2008

Sao Paulo, Brazil, 30 July – Brazilian oil company Petrobras Tuesday opened a biodiesel factory in the northeast of Brazil, following an investment of 100 million reais, officials said.

The unit, located in Candeias, in the state of Bahia, is part of a project of the state biodiesel production company, which includes overall investment of 2.375 billion reais by 2012.

The new factory is able to operate using raw materials of vegetable (sunflower, soy and cotton), animal (beef, pig or chicken render) origin or waste oil and fats used for frying food.

After attending the opening, Brazil’s president, Luiz Inácio Lula da Silva, instated the board of recently created renewable energy company, Petrobras Biocombustível.

The new subsidiary will be responsible for managing the Candeias unit and two other biodiesel factories to be built in the states of Minas Gerais and Ceará.

The total capacity of the three production units will be 170 million litres of biodiesel per year, in an investment of 300 million reais, the subsidiary’s chairman, Alan Kardec noted. (macauhub)