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Petrobras expects big ethanol export

Brazilian state-run oil company Petrobras expects to export 605 million litres of ethanol in 2008.

Petrobras downstream director Paulo Roberto Costa says that 505 million litres will be shipped to the US, with the remaining 100 million litres sailing to Japan.

Brazil is the world’s largest exporter of ethanol and second largest producer after the US.

The country’s large sugarcane market provides the main feedstock for the renewable fuel.




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