Earlier this year, the subsidiary announced its intention to invest deeply in the ethanol industry after flirting with smaller export projects and trading. In the next four years, it will invest $2.4bn in becoming a minority partner in 40 ethanol-production firms.
Oil subsidiary looks to exports
Petrobras Biofuels, the Brazilian oil giant Petrobras' green-energy subsidiary, says the focus of its ethanol strategy will be on the export market.
11 June 2009 22:00 GMT
Updated
25 November 2012 9:57 GMT
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