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Petrobras inks deal to supply Toyota Tsusho Corp. hydrated ethanol

November 03/2010

(Plastemart) -- Petrobras has signed a contract estimated at US$820 mln to supply Toyota Tsusho Corp. (TTC) hydrated ethanol for ten years. The delivery will be of 143,000 cubic meters per year to be used as feedstock in a chemical ethanol project that TTC is deploying with a local partner in Taiwan to produce Bio-PET.


This is the first long-term ethanol supply contract Petrobras signs. Petrobras Biocombustivel will be responsible for providing the contractual volume through a contract with Petrobras.


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