Brazil: Petrobras has no planned investments in ethanol production, fuel distribution with Raizen

Brazilian state-controlled oil giant Petrobras announced late Monday that it has no investment plans involving ethanol production or fuel distribution in partnership with Raizen, reported Reuters. Earlier in the day, shares of Raizen surged after a report by Brazilian newspaper O Globo over the weekend suggested that Petrobras was considering investment opportunities with the sugar … Continue reading Brazil: Petrobras has no planned investments in ethanol production, fuel distribution with Raizen