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Mitsui, Petrobras and Camargo Correa sign a Memorandum of Understanding to make deploying ethanol export pipeline infrastructure viable

Mar. 1, 2007


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Mitsui & Co., Ltd., on February 27th, signed a Memorandum of Understanding, with Petrobras (Petroleo Brasileiro S.A.), the national petroleum company of Brazil and Brazilian Construcoes e Comcio Camargo Correa S.A. to undertake technical and economic viability studies for the deployment of a pipeline infrastructure to transport ethanol produced in Midwestern and Southeastern Brazil.

Mitsui & Co., Ltd. signed a MOU with Petrobras in April of 2006 to carry out a feasibility study for the promoting the production of bio-ethanol and related products in Brazil and for the marketing of such into the international market. The Memorandum of Understanding with Petrobras and Construcoes e Comcio Camargo Correa S.A. is a part of the study underway with Petrobras since April of 2006.

The project to be studied is for the construction of a network of pipeline that will connect the Senador Canhedo municipality, in Goias, to Petrobras' terminal in Sao Sebastiao, in the State of Sao Paulo, going through the fuel distribution base located at the Paulinia Refinery (Replan).

In the study we hope to see whether it will be possible to reduce the transportation costs of the ethanol produced in central Brazil to attend to the foreign market as ethanol is regarded as one of the most promising renewables energies and its demand is expected to increase rapidly in the world. We hope to be able to expand the scope for our study to cover the integrated supply chain from production and inland logistics in Brazil, overseas transportation from Brazil, to global marketing through the conclusion of the MOU with Petrobras and Construcoes e Comcio Camargo Correa S.A.

Feasibility study of ethanol pipeline / Candidate route

Feasibility study of ethanol pipeline / Candidate route

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For inquiries on this matter, please contact

Mitsui & Co., Ltd.
Corporate Communications Division
Telephone: +81-3-3285-7596
Facsimile: +81-3-3285-9819