(ADPnews) - May 28, 2010 - Brazilian biofuel producer ETH Bioenergia is trying to partner with Brazilian state-owned oil and gas giant Petroleo Brasileiro (SAO:PETR3; NYSE:PBR), or Petrobras, and Brazilian ethanol maker Cosan (SAO:CSAN3) for the construction of an ethanol pipeline.
The facility, whose construction is currently being studied by ETH, will connect the centre-western region to the Paulinia municipality, in Brazil's southeastern Sao Paulo state, Brazilian energy news site Canal Energia reported yesterday.
It is seen to require initial investments of between BRL 3 billion (USD 1.653bn/EUR 1.332bn) and BRL 4 billion.
"At present there are …
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