Ethanol Blog
Todd Neeley DTN Staff Reporter

Thursday 12/24/09

Petrobras, PetroChina Sign Ethanol Pact

Brazil oil company Petrobras signed a memorandum of understanding with China's PetroChina International Co. Ltd. to explore the economic and technical feasibility of exporting Brazilian ethanol to China, according to the Wall Street Journal.

The move comes as China needs to mix ethanol with gasoline in some areas but has insufficient supplies.

The Chinese also are investing in producing ethanol themselves in Brazil.

(Wall Street Journal, Dec. 23, 2009)
(http://online.wsj.com/…)

Posted at 10:23AM CST 12/24/09
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