The Egyptian minister of Industry and Trade, Rachid Mohamed Rachid, expressed his intention yesterday after meeting with the Brazilian minister of Mines and Energy, Edison Lobão, in Brasília.
The president of Petrobras Biofuel, Alan Kardec, stated that there is going to be a significant increase in the total forecasted output, which is US$ 1.5 billion until 2012.
The Petrobras Biofuel subsidiary should be officially inaugurated today with the opening of a biofuel mill in Bahia. The company is going to invest US$ 1.5 billion in the sector up to 2012.
Company Mozambique Principle Energy plans to produce 213 million litres of alcohol per year in the African country starting in 2013. Distribution should be to the domestic and foreign markets.
From July 2007 to June this year, Brazilian sales totalled US$ 65.4 billion. June sales totalled US$ 6.5 billion, an increase of 30.3% over the same months last year.
The Chinese want to know how Brazil produces, transports, stores and mixes alcohol with petrol. A mission organised by the Brazilian government is in the Asian country this week.