Petrobras (NYSE: PBR), the national oil company of Brazil, has approved the creation of a three-company partnership to begin the process of building an ethanol pipeline from the interior of the country to the coast.
Mitsui & Co. ltd. and Carmargo Correa S/A will join Petrobras in the conceptual and basic phases for the ethanol pipeline that will be built from Senador Canedo, in Brazil’s midwestern state of Goias, to Paulínia, in the southeastern Sao Paulo state. The project, to be executed under Petrobras’ responsibility, also includes a second section that will integrate the Tietê-Paraná Waterway to the Paulínia Terminal.
The pipeline will extends to the São Sebastião Terminal, on the Northern Coast of São Paulo and to the Ilha d’Água Terminal, in Rio de Janeiro, via the already existing OSRIO polyduct, which Petrobras said will now be used solely for ethanol.
Around its main trunk, between Paulínia and Guararema, the ethanol pipeline will be capable of transporting up to 12 million cubic meters of ethanol per year, according to Petrobras.
The company says it will place the pipeline at the market’s disposal to allow efficient ethanol shipment to the export harbors.
Loading...