Brazil is making further steps towards energy independence with the announcement of a new
fuel, which is mixed with a variety of vegetable oils at the refinery. Petrobras, the state-run oil company, claims Brazil will be the most important country for renewable energy, which might already be true. The new fuel, called H-Bio, is made by mixing refinery petroleum with oil from soy, sunflower seeds, cotton and castor beans. While regular
is blended into petroleum diesel by distributors, the H-Bio is created by blending vegetable oils at the refinery level. The fuel is expected to replace 15% of Petrobras' current diesel imports in 2006.
[Source: Business Week Online]