Petrobras, Mitsui form bio-fuels venture

March 14th, 2008 - 11:34 am ICT by admin  


Rio de Janeiro, March 14 (IANS) Brazilian state oil company Petrobras has said that it has formed a 50:50 joint venture with Japan’s Mitsui Group to produce bio-fuels, with a focus on supplying ethanol to the Japanese market. The documents sealing the deal were signed Wednesday for formation of the venture in Brazil, Petrobras said in a statement, Spain’s EFE news agency reported Friday.

Besides ethanol production, the new company, Participa

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