Petrobras
in recent times signed a deal to supply Toyota Tsusho Corporation (TTC) with
hydrated ethanol for ten years. For this reason, Brazilian sugarcane ethanol
will be used as feed-stock in a chemical ethanol scheme that TTC is arranged
and deploying with a general and local partner in Taiwan to manufacture
Bio-PET. Bio-PET is polyethylene terephthalate; by weight, it comprises of 70%
terephthalic acid and 30% mono ethylene glycol. Bio-PET is prepared a
substitute monoethylene glycol with a biological raw material consequent and
derived from sugar cane. Toyota Motor recently proclaims that it will increase
its use of Bio-PET in vehicles.

Petrobras
Expenditure

Petrobras
will distribute 143,000 cubic meters (143 million liters, 37.8 million gallons
the US, of ethanol per year, and the agreement is predicted to be value several
$820 million. This is the first long-term ethanol supply contract of Petrobras
pronounced by the company, among the largest worldwide players in the industry.
Petrobras Biocombustível will be responsible and accountable for providing the
contractual quantity through a contract with Petrobras.