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Petrobras milestone

This article was originally published in The Public Ledger

BRAZIL'S Petrobras will begin producing ethanol this month at its first factory in Bambui, Minas Gerais, after reais150m ($84.25m) investment. Miguel Rosseto, president of Petrobras Biocombustiveis, said the factory's output would be 100m litres in the start-up phase but increase to 204m litres per year in 2012.


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