Brazil's state-run oil company Petroleo Brasileiro SA, or Petrobras, wants to make cellulosic ethanol viable in the near future. Carlos Tadeu Fraga, executive manager of Petrobras, said that the cellulosic ethanol is at the moment not commercially possible because it costs more to produce that sugarcane or corn. But he wished in the next ten years to make it a possibility.
Petrobras inaugurated a pilot plant to produce ethanol from sugarcane bagasse, a residue from ethanol or sugar production. The company plans to have a full plant running in 2010, able to produce ten tons of the product out. U.S. has aims for the same objective, but has yet to produce the technology to make it a possibility.
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