Biodiesel

It was very nice to see a Petrobras advertorial in Fortune magazine last week covering its development of biodiesel from organic vegetable inputs (cotton seeds, castor beans, soybeans, sunflower seeds), animal input (bovine, swine or chicken fat) or residual waste (residual oils from food-frying processes).  The article explains that, in the case of vegetable inputs, Petrobras is purchasing from approximately 55,000 farmers in order to obtain the Social Fuel Seal granted by the Ministry of Agrarian Development.

I have been a huge fan of Petrobras' leadership in sugarcane-based ethanol which is a benchmark globally and has placed Brazil at the forefront of a cleaner renewable energy model. So, it's great to see how they are researching and developing a second generation of biofuels.