1 November 2011
Overview
Toyota Tsusho Corporation (TTC)
concluded on Oct 29th,
a long-term bio-ethanol offtake agreement with
Petroleo Brasileiro S.A. (Petrobras),
Brazilian national oil company.
Offtake agreement details
TTC agrees to procure
sugar cane based bio-ethanol of
appoximately 1.4 million cubic meters
for 10 years from 2012 and
contract worths approximately 70 billion yen
Supply chain for Bio PET production
Bio-ethanol will be supplied to TTC's bio PET business in Taiwan
This agreement will establish
the first global bio-PET integrated supply chain including
* procurement of bio-ethanol
* production of bio-mono ethylene glycol
* tolling business of bio-PET
* marketing of bio-PET
About Petrobras
Petrobras foresees investment in the order of 18 trillion yen
in the year 2010-2014 business plan
Petrobras has affirmative strategy
not only conventional oil and gas projects
but also renewable energy including bio-fuel
This long-term offtake agreement is one of the actions to realize
strategy in the bio-fuel business
This is also the first major agreement for Petrobras
and it would establish bio-ethanol supply chain between Brazil and Asia
About TTC's contribution : Lower-carbon society
TTC accelarate to expand renewable energy business and continue to
strengthen bio-ethanol supply chain which contributes to
lower-carbon society
