Petrobras Plans Bold Return to Ethanol With Strategic Partnerships
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Petrobras (PBR) is planning a significant return to the ethanol market by investing $2.2 billion in ethanol distilleries. The company is in talks with Raizen, BP, and Inpasa as part of its strategic plan for a biofuels comeback from 2025 to 2029.
November 25, 2024 | 2:15 pm
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Petrobras is planning a $2.2 billion investment in ethanol distilleries, aiming for a biofuels comeback by 2025-2029. This move involves strategic partnerships with Raizen, BP, and Inpasa.
The $2.2 billion investment in ethanol distilleries indicates a strategic shift towards biofuels, which could enhance Petrobras's revenue streams and market position. The partnerships with Raizen, BP, and Inpasa suggest strong collaborative potential, likely boosting investor confidence.
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