Brazil's Petrobras, CVRD plan ethanol movement

Newswire

By Denise Luna RIO DE JANEIRO, Brazil, Sept 29 (Reuters) - Two of Brazil's largest companies, oil producer Petrobras and miner Companhia Vale do Rio Doce , are looking at ways to more quickly transport sugarcane-based ethanol to meet an expected increase in international demand for the fuel. Both Petrobras and CVRD see huge potential for exports of fuel ethanol, of which Brazil is the No. 1 producer and exporter, as soon as the Kyoto Protocol that would bring the 1997 U.N. pact on global ...

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