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Biofuels

Nigeria eyes biofuels push

The Nigerian Minister of State for Petroleum Resources, Ibe Kachikwu, has said that biofuels would soon become the West African country’s foreign exchange earner, if “we can apply both our mind and might into it”. According to local newspaper Leadership, Kachikwu made the statement at a sensitisation workshop on biofuels development in Nigeria with the theme, ‘Biofuels: Nigeria’s New Economy’,…
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Petrobras sells ethanol stake to sugar maker Tereos

Petrobras Biocombustível has announced an agreement to sell its shares in Guarani, a Brazilian sugar and ethanol producer, to Tereos Participations, an arm of French group Tereos, for $202 million (€192m). According to Petrobras Biocombustível, a wholly-owned subsidiary of Brazil-based oil company Petrobras, Guarani is the third largest sugar producer in Brazil. It operates eight…
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Argentine biodiesel production to hit record 2.7 million tons in 2016

In Argentina, CARBIO says 2016 biodiesel production will break its previous record at 2.7 million metric tons, 50% higher than last year’s production. The association attributes the increased demand from domestic use of biodiesel in public transport and for electricity production as significant contribution towards the increase in production. In 2017, the industry is looking forward to…
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