Day: July 22, 2020

Renewable sources used in Brazil are three times higher than worldwide

In Brazil, renewable energy sources reached a 46.1% demand for participation in the Energy Matrix, an increase of 0.6% over 2018, according to the MME. The Brazilian indicator represents three times the world indicator. Total energy demand reached 294 million toe, showing a growth of 1.4% over 2018, above the GDP rate (1.1%), and accounting for 2% of world energy.

Brazil exports more soybean oil with drop in biodiesel

The negative impact of Covid-19 on the Brazilian diesel demand has also reduced the necessity of biodiesel, increasing the exportable surplus of soy oil, the main ingredient of the biofuel mixed in 12% in the Brazilian fossil product. Through Cattalini’s facilities are expected to export 850 thousand tons of soy oil in 2020, versus 672 thousand in 2019.

Petrobras sells 10% of TAG for $ 193mm

Petrobras sold the remaining 10% of the Associated Gas Transport Company to CDPQ for just over R$ 1 billion ($193mm). With this acquisition, Engie’s total shareholding in TAG increases to 65%, of which 32.5% belongs to Engie Brasil Energia and another 32.5% to GDF International, while CDPQ holds the remaining 35%.

Brazil’s mining industry revenues grow 9% in Q2

The Brazilian mining sector’s revenues reached R$ 39.2 billion ($ 7.8 bn) in the second quarter, up 9% compared to the first three months of the year, pointed out the Brazilian Mining Institute (Ibram). Brazil’s iron ore producers, including Vale, accounted for 59.3% of the country’s total mining sector revenues in the second quarter, with R$23.3 billion ($ 4.7 bn).