Copesul to Double Class A Gasoline Production

Brazilian petrochemical company Copesul plans to spend 30.4mn reais (US$10.5mn) to more than double its production capacity of class A (alcohol-free) gasoline by the second half of 2004, development bank BRDE said in a statement.

BRDE (Banco Regional de Desenvovimento do Extremo Sul) has lent Copesul 16mn reais for the project. Apart from producing up to 25,000 cubic meters (cu. m.) a month of class A gasoline instead of the current 12,000cu. m., Copesul will use part of the money to increase storage space for diesel and anhydrous alcohol.

Copesul has been producing and selling class A gasoline since November 2001. The gasoline is sold to distributors, who then mix the fuel with anhydrous ethanol. A Copesul spokesman declined comment on the project, citing securities commission regulations.

About Business News Americas: Business News Americas is a multilingual news and business information service that covers the most important original stories in 11 different business sectors throughout Latin America everyday. Visit BNamericas to access our real-time news reports, 7-year archive, Fact File company database, and latest research reports.

Click here for a Free two week trial to our Latin America Oil & Gas information service.