Petrobras to Advance Ethanol Talks With FS, Inpasa
The FS — Fueling Sustainability facility in Lucas do Rio Verde, Mato Grosso state, Brazil.
Source: FS — Fueling SustainabilityPetrobras is in advanced joint-venture talks with ethanol producers FS — Fueling Sustainability and Inpasa Agroindustrial SA as part of the Brazilian state-controlled oil producer’s plans to return to the biofuel industry, according to people familiar with the matter.
The two corn ethanol makers have made the most progress out of around six potential partners that Petrobras is in discussions with, said the people, who asked not to be identified discussing private matters. The goal is to reach a deal by the end of the year, but the talks are still fluid and non-binding, and could result in one or multiple deals, the people said.