Brazil's Petrobras to open ethanol fuel stations in Japan

Japan currently imports half a billion liters of ethanol per year, and about 380 million of those come from Brazil. The Brazilian energy giant Petrobras thinks that this business can be expanded, so besides a refinery that it has just bought in Okinawa, the company is planning to open ethanol fuel stations in Japan and hopes that it will sell a substantial part of the 12 billion liters of ethanol that are expected to be sold in Japan in 2019. Petrobas already operates in Japan thanks to a joint venture created two years ago with Nippon Alcohol Hanbai KK. The Brazilian giant expects to use Japan as a starting point for further operations in the Asian continent.

[Source: Efe via Econoticias]