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Petrobras: Key to the biofuels industry?

Overview

Petrobras is the largest company in Latin America, its political and financial muscle unmatched in Brazil. In recent years, it has expanded beyond oil and gas into biofuels. While biofuels industry executives welcome its investments in logistics and research, the company's role as a biofuels exporter and producer is being greeted with concern - many traders and producers fear it will expand international sales at their expense.

The ethanol industry, in particular, has been...

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