Mitsui & Co. and Petrobras Utilize Bio-ethanol in Brazil.Tokyo, Japan, Apr 11, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) ) - Mitsui & Co. and Petrobras (Petroleo Braseileiro S.A) want to promote and produce bio-ethanol and related products in Brazil. The companies have signed a memorandum of understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. to agree on a joint feasibility study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. to expand upon a previous three-party agreement with CVRD CVRD Companhia Vale do Rio Doce (Brazilian mining company) CVRD Cowichan Valley Regional District (Vacouver Island, British Columbia, Canada) CVRD Converter, Variable Resistance, to DC Voltage (Compania Vale do Rio Doce S.A). The need for bio-ethanol, an effective renewable fuel, is increasing. The world's biggest bio-ethanol producer, Brazil produces 35% of the world's supply and exports over 2 million kiloliters a year. Mitsui says it is hoping to secure a new energy source for the future and reduce green house gas (CO2) emissions. Copyright [c] 2006 Japan Corporate News Network. All rights reserved. |
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