Petrobras Forms Japanese Ethanol Joint Venture

[JohnWxy]

http://www.greencarcongress.com/2005/12/petrobras_forms.html

Petrobras Forms Japanese Ethanol Joint Venture
19 December 2005

Petrobras, the Brazilian state-owned oil and gas company, has formed a joint venture company with Nippon Alcohol Hanbai (NAH) of Japan to produce fuel ethanol for the Japanese market.

The new venture—Nippaku Ethanol—will be a 50-50 partnership between the two firms and will aim at the Japanese market.
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Somehow, I think Japan sees more ethanol in their future and they are shrewd enough to make sure they are a partner in the business.