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Petrobras Signs Deal For Ethanol Venture With Japan's NAH
Rio De Janeiro (AFP) Dec 19, 2005 Brazilian energy giant Petrobras announced Monday a joint venture with Nippon Alcohol Hanbai (NAH) of Japan to produce ethanol fuel for the Japanese market. The new venture will be a 50-50 partnership between the two firms and will aim at the Japanese market where ethanol is used mainly for certain industries and perfumes. "With Petrobras we will create a new market in Japan that will start in 2008," said NAH president Jiro Amagai in a ceremony at the Rio de Janeiro headquarters of Petrobras. Executives said Japanese law allows three percent ethanol in gasoline, which would mean a market for 1.8 billion liters of the alcohol-based fuel each year. Paulo Roberto Costa, supply chief for Petrobras, said this would reach six billion liters if Japan allows a 10 percent ethanol mixture. In 2005, Petrobras produced 15 billion liters of ethanol and exported 2.5 billion of the fuel, made principally from sugar cane. Ethanol is non-polluting and helps reduce carbon dioxide emissions blamed for global warming.
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Europe Debates Nuclear Energy
Washington (UPI) Jan 11, 2006European Union countries are starting to rethink their opposition to nuclear energy amid a dispute between Russia and Ukraine over natural gas supplies, but energy analysts say a switch still lacks a green light. |
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