Petrobras Sells Stake in Biodiesel Industry BSBios for R$ 322 Million

Written by Valdemar Medeiros

Published on 10/02/2021 at 09:55

Usina BSbios

Be the first to react!

50% of Petrobras’s Biofuel Subsidiary, BSBios, Was Sold Yesterday Morning (09) for R$ 322 Million

Petrobras, through its subsidiary Petrobras Biocombustível (Pbio), completed the sale of its 50% stake in BSBios. In the deal, the state-owned company received a total of R$ 253 million this Tuesday.

Read Also

In addition to this amount from Petrobras, another R$ 67 million will be kept in an escrow account for potential contingencies and released as specified in the contract.

R$ 2 million was also received in advance in the form of Interest on Equity for BSBios. Thus, the total value of the operation is R$ 322 million.

ARTICLE CONTINUES BELOW

BSBios Owns Two Biodiesel Plants

One in Passo Fundo, Rio Grande do Sul, with a production capacity of 414,000 m³/year, crushing capacity of 1,152,000 tons/year, and storage capacity of 120,000 tons of grains, 60,000 tons of meal, and 7,500 m³ of biodiesel.

The other, in Marialva, Paraná, has a production capacity of 414,000 m³/year and storage capacity of 3,000 m³ of vegetable oil, 1,500 m³ of animal fat, and 4,500 m³ of biodiesel. Together, the two plants produced about 828,000 cubic meters of fuels per year.

Official Statement from Petrobras on the Sale of BSBios

“After meeting all the precedents, the transaction was completed with the payment of R$ 253 million to PBio, including the adjustments provided for in the contract,” said Petrobras in a statement.

“In addition to this amount, R$ 67 million is held in an escrow account for potential compensation for contingencies and released as per the timelines and conditions specified in the contract, and R$ 2 million was received in advance in the form of interest on equity in December 2020, totaling the transaction value at R$ 322 million,” it added.

Petrobras Sells Stake in Biodiesel Industry BSBios for R$ 322 Million

50% of Petrobras’s Biofuel Subsidiary, BSBios, Was Sold Yesterday Morning (09) for R$ 322 Million

Read Also

BSBios Owns Two Biodiesel Plants

Official Statement from Petrobras on the Sale of BSBios

Gaddafi built the world’s largest artificial river under the Sahara — it’s 4,000 km of giant pipes that pump 40,000-year-old fossil water to entire cities in Libya.

Discovery in Africa scares even scientists: a study published on April 23 reveals that the crust in Turkana has become so thin that it could pave the way for the continent’s division and the emergence of an ocean in the future, in a gigantic geological transformation.

Austria inaugurates Europe’s first high-speed railway outside China — trains travel at 250 km/h through 33 km tunnels in the Alps that took 27 years to drill

An unmanned Russian ship has been drifting in the Mediterranean for 57 days with 60,000 tons of gas — the second towing attempt has just failed.

2 scientists analyzed in a new study whether the construction of a mega dam in the Bering Strait could be the last barrier against climate collapse, to protect one of the world’s most important ocean currents.

An MIT startup is betting on superhot geothermal in Oregon and building the world’s first plant of its kind, targeting rocks above 300°C to generate 50 MW by 2030 and expand the project to 250 MW with few wells.

5 wolf-in-sheep’s-clothing cars that hid absurd mechanics, from a sedan with a Ferrari V8 and a Toyota with a twin-turbo 2JZ to a Saab wagon that gave Porsches a run for their money and the brutal Lotus Carlton disguised as an Omega

End of the 6×1 work schedule could expand women’s access to the labor market, says minister, linking a shorter workweek, two days of rest, and combating the overburdening of women to greater dignity and equal pay in the country.

Women experience a “7×0 schedule” in care work, dedicating almost 10 more hours per week to home and family, and sustaining an invisible routine that extends across holidays, weekends, and mental health.

Smart bin in London tracked pedestrians’ cell phones, used WiFi to measure urban circulation, raised a privacy alert, and showed how a simple bin can become a street spy.

Petrobras Sells Stake in Biodiesel Industry BSBios for R$ 322 Million

50% of Petrobras’s Biofuel Subsidiary, BSBios, Was Sold Yesterday Morning (09) for R$ 322 Million

Read Also

BSBios Owns Two Biodiesel Plants

Official Statement from Petrobras on the Sale of BSBios

Gaddafi built the world’s largest artificial river under the Sahara — it’s 4,000 km of giant pipes that pump 40,000-year-old fossil water to entire cities in Libya.

Discovery in Africa scares even scientists: a study published on April 23 reveals that the crust in Turkana has become so thin that it could pave the way for the continent’s division and the emergence of an ocean in the future, in a gigantic geological transformation.

Austria inaugurates Europe’s first high-speed railway outside China — trains travel at 250 km/h through 33 km tunnels in the Alps that took 27 years to drill

An unmanned Russian ship has been drifting in the Mediterranean for 57 days with 60,000 tons of gas — the second towing attempt has just failed.

2 scientists analyzed in a new study whether the construction of a mega dam in the Bering Strait could be the last barrier against climate collapse, to protect one of the world’s most important ocean currents.

An MIT startup is betting on superhot geothermal in Oregon and building the world’s first plant of its kind, targeting rocks above 300°C to generate 50 MW by 2030 and expand the project to 250 MW with few wells.

In just 5,660 kilometers of pipes crossing 13 countries, Africa is building the largest pipeline in its history — and the final destination is Europe.

Tuapse enters a state of emergency after an attack on an oil refinery, with a warning not to drink tap water, keep windows closed, and face severe environmental impact in southern Russia.

Petrobrás expands oil and gas production by 16.4% in early 2026, driven by the pre-salt, new platforms, and operational advancements that reinforce accelerated growth in the Brazilian energy sector.

Petrobrás breaks historical record and produces 3.23 million barrels per day in early 2026, driven by the pre-salt, new platforms, and operational advancements that reinforce its leadership in the energy sector.

The first 100% Brazilian aviation fuel came from soybeans: SAF Petrobras delivered 3,000 m³ at Galeão and is preparing R$ 17.5 billion to dominate the world market by 2027.

5 wolf-in-sheep’s-clothing cars that hid absurd mechanics, from a sedan with a Ferrari V8 and a Toyota with a twin-turbo 2JZ to a Saab wagon that gave Porsches a run for their money and the brutal Lotus Carlton disguised as an Omega

End of the 6×1 work schedule could expand women’s access to the labor market, says minister, linking a shorter workweek, two days of rest, and combating the overburdening of women to greater dignity and equal pay in the country.

Women experience a “7×0 schedule” in care work, dedicating almost 10 more hours per week to home and family, and sustaining an invisible routine that extends across holidays, weekends, and mental health.

Smart bin in London tracked pedestrians’ cell phones, used WiFi to measure urban circulation, raised a privacy alert, and showed how a simple bin can become a street spy.