Petrobras inks deal to supply Toyota Tsusho Corp. hydrated ethanol for ten years

03-Nov-10

In a contract estimated at US$820 mln, Petrobras has signed a contract 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 Biocombustível will be responsible for providing the contractual volume through a contract with Petrobras.