Petrobras Invests $2.2 Billion in Ethanol to Offset Gasoline Decline

Petrobras, Brazil’s state-owned oil giant, has announced its intention to reenter the ethanol market. The company plans to do so primarily through minority partnerships or shared control agreements with key industry players. This strategic move comes as part of Petrobras’ 2050 strategic plan and 2025-2029 business plan. The company’s decision reflects a broader shift in […]