Rio de Janeiro, Brazil, 12 Aug – Brazilian renewable energy company Petrobras Biocombustível plans to build a factory for production of ethanol in Mozambique exclusively for consumption in the Mozambican market, said the chairman of the subsidiary of oil group Petrobras.
Miguel Rossetto noted that the Petrobras already had a factory in Mozambique in partnership with Guarani, for sugar production, called Unidade Industrial Sena, in Marromeu.
Rossetto said that the Mozambican government had recently decided to regulate the use of ethanol as of 2012 and thus officials at Petrobras had decided to assess the economic feasibility of building a factory to meet local demand.
“The addition of methanol to gasoline will initially be 10 percent and as Mozambique imports all the fuel it consumes we are assessing the possibility of building a factory that, if it is built, will be built via Guarani,” the chairman of Petrobrás Biocombustível noted.
Speaking to news agency Agência Brasil, Rossetto said that all the investments of the Petrobras group were aimed at getting a return on the capital invested and noted that, “we only invest in projects that guarantee the expected profitability.” (macauhub)