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Petrobras to Use Biodiesel Additive from International Fuel

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June 22 (Bloomberg) -- Petroleo Brasileiro SA, Brazil’s state-run oil company, will use a fuel additive from International Fuel Technology Inc. to improve the chemical composition of biodiesel.

International Fuel’s PerfoLift BD-4 provides oxidation stability and controls the formation of deposits in biodiesel blends, the Saint Louis, Missouri-based company said today in a statement. The value of the contract wasn’t disclosed.

Petrobras will use the additive at its three biodiesel plants, which can manufacture at total of 150 million liters (39.6 million gallons) of fuel a year.

Link to Statement:{NSN LN6XC23V7UB1 <GO>}

Link to Company News:{IFUE US <Equity> CN <GO>} Link to Company News:{PETR4 BZ <Equity> CN <GO>}

To contact the reporter on this story: Stephan Nielsen in Sao Paulo at snielsen8@bloomberg.net

To contact the editor responsible for this story: Will Wade at wwade4@bloomberg.net

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