New Petrobras Refineries Won't Produce Gasoline

摘要

Petrobras' CEO said last week that its new refineries will not produce gasoline but instead concentrate on biofuels, diesel, jet fuel, kerosene, liquefied petroleum gas and other refined products.―Petrobras wants to increase biofuels production as it expects gasoline demand to fall. We estimate that by 2020, global demand for ethanol will be at least 10 times higher and gasoline [will] account for only 17% of the fuels consumed by Brazilian vehicles. We will not try to compete with ethanol; we will produce it,‖ Business News Americas reported CEO José Sérgio Gabrielli as saying at the Ethanol Summit in Sao Paolo, Brazil.