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:10/11/2017)... BALTIMORE, Md. (PRWEB) , ... October 11, 2017 ... ... for digital pathology, announced today it will be hosting a Webinar titled, “Pathology ... of  Advanced Pathology Associates , on digital pathology adoption best practices and how ...
(Date:10/11/2017)... , ... October 11, 2017 , ... ... (FDA) has granted orphan drug designation to SBT-100, its novel anti-STAT3 (Signal Transducer ... treatment of osteosarcoma. SBT-100 is able to cross the cell membrane and bind ...
(Date:10/10/2017)... research firm Parks Associates announced today that Tom Kerber ... Annual Meeting , October 11 in Scottsdale, Arizona . ... how smart safety and security products impact the competitive landscape. ... Parks Associates: Smart Home Devices: Main Purchase Driver ... "The residential security market has experienced continued growth, and the ...
(Date:10/9/2017)... ... October 09, 2017 , ... The award-winning American Farmer television ... quarter 2018. American Farmer airs Tuesdays at 8:30aET on RFD-TV. , With global ... the challenge of how to continue to feed a growing nation. At the same ...
Breaking Biology Technology:
(Date:4/6/2017)... 6, 2017 Forecasts by Product ... Readers, by End-Use (Transportation & Logistics, Government & Public ... & Fossil Generation Facility, Nuclear Power), Industrial, Retail, Business ... Are you looking for a definitive report on ... ...
(Date:4/3/2017)... WASHINGTON , April 3, 2017 /PRNewswire-USNewswire/ ... single-cell precision engineering platform, detected a statistically ... cell product prior to treatment and objective ... highlight the potential to predict whether cancer ... prior to treatment, as well as to ...
(Date:3/28/2017)... , March 28, 2017 ... Biometrics), Hardware (Camera, Monitors, Servers, Storage Devices), Software (Video ... and Region - Global Forecast to 2022", published by ... in 2016 and is projected to reach USD 75.64 ... 2017 and 2022. The base year considered for the ...
Breaking Biology News(10 mins):