Navigation Links
Agrenco Informs Sale of Biodiesel at ANP Auction
Date:4/11/2008

SAO PAULO, April 11 /PRNewswire-FirstCall/ -- Agrenco Ltd. (Bovespa: AGEN11), one of the largest provider of integrated and customized solutions for agribusiness, with global operations, hereby announces to its shareholders and investors that, on April 10, 2008, the National Petroleum Agency (ANP) held an auction for the acquisition of 264,000 m3 of biodiesel, for delivery between July 1 and September 30, 2008. The purpose of the auction was to ensure supply of the necessary volumes for the mandatory blend of 3% of biodiesel in all mineral diesel oil consumed in Brazil, which will be in force as from July 1, 2008.

Agrenco Bioenergia sold a total of 39,600 m3 of ANP-standard biodiesel, which represents 15% of the auction total volume, at the average price of R$ 2,465.0/m3 -- price does not include ICMS (value-added tax on services and goods). All biodiesel will be produced in the newly opened Alto Araguaia Industrial Complex (Mato Grosso state) with deliveries scheduled between July 1 and September 30, 2008. The acquiring federal body will be responsible for take up of deliveries of the biodiesel at the Alto Araguaia Industrial Complex. Total revenues from the biofuel sale will amount to approximately R$ 98 million.

This sale represents the entrance of the Agrenco Group into the Brazilian biodiesel market, the Company's milestone towards consolidating its brand in the bioenergy sector, and the first major supply from the Alto Araguaia Industrial Complex. The purchase and sale agreement will be entered into within 10 days as of the publication by ANP in the "Diario Oficial".
For further information contact Agrenco's Investor Relations Team:

Investor Relations

Marco Antonio de Modesti

IR Manager

Phone.: +55 (11) 3572-0137

E-mail: ri@agrenco.com.br

Website: http://www.agrencogroup.com/ri


'/>"/>
SOURCE Agrenco Ltd.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1

Related biology technology :

1. New Benefuel Refinery Targets Key Flaws in Biodiesel Production
2. FreshDirects Fleet Goes Biodiesel
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... ... June 24, 2016 , ... While the majority of commercial spectrophotometers and ... and the 6000i models are higher end machines that use the more unconventional z-dimension ... light beam from the bottom of the cuvette holder. , FireflySci has developed ...
(Date:6/23/2016)... June 23, 2016   Boston Biomedical , ... compounds designed to target cancer stemness pathways, announced ... granted Orphan Drug Designation from the U.S. Food ... gastric cancer, including gastroesophageal junction (GEJ) cancer. Napabucasin ... to inhibit cancer stemness pathways by targeting STAT3, ...
(Date:6/23/2016)... (PRWEB) , ... June 23, 2016 , ... ... Plate® YM (Yeast and Mold) microbial test has received AOAC Research Institute approval ... of microbial tests introduced last year,” stated Bob Salter, Vice President of Regulatory ...
(Date:6/23/2016)... ... June 23, 2016 , ... Supplyframe, the Industry Network for ... Design Lab . Located in Pasadena, Calif., the Design Lab’s mission is to ... are designed, built and brought to market. , The Design Lab is Supplyframe’s ...
Breaking Biology Technology:
(Date:5/12/2016)... 12, 2016 WearablesResearch.com , a brand ... overview results from the Q1 wave of its quarterly ... was consumers, receptivity to a program where they would ... health insurance company. "We were surprised to ... Michael LaColla , CEO of Troubadour Research, "primarily ...
(Date:4/28/2016)... BANGALORE, India , April 28, 2016 ... of Infosys (NYSE: INFY ), and Samsung SDS, ... partnership that will provide end customers with a more ... payment services.      (Logo: http://photos.prnewswire.com/prnh/20130122/589162 ) ... financial services, but it also plays a fundamental part in ...
(Date:4/26/2016)... April 27, 2016 Research ... Multi-modal Biometrics Market 2016-2020"  report to their offering.  ... The analysts forecast the global multimodal ... 15.49% during the period 2016-2020.  Multimodal ... sectors such as the healthcare, BFSI, transportation, automotive, ...
Breaking Biology News(10 mins):