Brazilian state-run energy giant Petrobras will spend $3.5 billion over the next four years to more than double biofuels output, positioning the company to take advantage of global demand for clean, renewable sources of energy.
"We are preparing for a global scenario in which the demand for biofuels is expanding," Miguel Rossetto, chief executive of Petrobras biofuels unit Petrobras Biocombustivel, said in an interview.
