Brazil's shortfall in gasoline, opportunity for ethanol
11/29/2016
SAO PAULO (Reuters) -- The chief executive of Brazil's state-run oil company Petrobras said that the growing deficit in the country's gasoline refining capacity is an opportunity for local ethanol mills.
Speaking at an ethanol and sugar conference hosted by Brazil's cane industry association Unica, Petrobras Chief Executive Officer Pedro Parente said he expected the gap between demand and Petrobras' gasoline refining capacity to reach 3 billion to 10 million liters a year by 2030.
Reporting by Marcelo Teixeira and Luciano Costa; Writing by Reese Ewing; Editing by Jonathan Oatis
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