Galp Energia and PetroBras launch biodiesel joint-venture

Portugese energy company Galp Energia is hooking up with Brazil's PetroBras on a new biodiesel project for the European market. The plan is produce 600 thousand tonnes per year of vegetable oil in Brazil that will be converted to biodiesel fuel. The new project will be a 50/50 joint-venture between the two companies as Galp tries to expand the European market for biodiesel.
[Source: Galp Energia]