Petrobras Plans Bold Return to Ethanol With Strategic Partnerships

Petrobras (PBR) , the national oil and gas company of Brazil, has been planning to make a bold return to the ethanol sector after a strategic break. Under the leadership of its CEO, Magda Chambriard, the company has embarked on talks with prominent industry players such as Raízen, BP plc (BP) and Inpasa to explore potential joint ventures in the rapidly expanding ethanol market. This move signals a significant shift in PBR’s focus as the company aims to position itself as a major player in the biofuels indu ...