Navigation Links
Agrenco Informs Sale of Biodiesel at ANP Auction

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



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:
(Date:11/25/2015)... /PRNewswire/ - Aeterna Zentaris Inc. (NASDAQ:  AEZS; TSX: AEZ) ... remain fundamentally strong and highlights the following developments: ... DSMB recommendation to continue the ZoptEC Phase 3 ... final interim efficacy and safety data , ... with heavily pretreated castration- and Taxane-resistant prostate cancer ...
(Date:11/25/2015)... (PRWEB) , ... November 25, 2015 , ... ... company uBiome, were featured on AngelList early in their initial angel funding process. ... AngelList syndicate for individuals looking to make early stage investments in the microbiome ...
(Date:11/24/2015)... 24, 2015 Halozyme Therapeutics, Inc. (NASDAQ: HALO ) ... New York on Wednesday, December 2 at 9:30 ... president and CEO, will provide a corporate overview. th ... at 1:00 p.m. ET/10:00 a.m. PT . Jim ... provide a corporate overview. --> th Annual Oppenheimer ...
(Date:11/24/2015)... , Nov. 24, 2015 /PRNewswire/ - Aeterna Zentaris Inc. ... IIROC on behalf of the Toronto Stock Exchange, confirms ... there are no corporate developments that would cause the ... --> --> About Aeterna Zentaris ... . --> Aeterna Zentaris is a specialty ...
Breaking Biology Technology:
(Date:10/29/2015)... Oct. 29, 2015  The J. Craig Venter Institute ... "DNA Synthesis and Biosecurity: Lessons Learned and Options for ... Health and Human Services guidance for synthetic biology providers ... --> --> Synthetic ... the potential to pose unique biosecurity threats. It now ...
(Date:10/29/2015)... Connecticut , October 29, 2015 ... a biometric authentication company focused on the growing ... smart wallet announces that StackCommerce, a leading marketplace ... be featuring the Wocket® smart wallet on StackSocial ... NXTD ) ("NXT-ID" or the "Company"), a biometric ...
(Date:10/27/2015)... JOSE, Calif. , Oct. 27, 2015 Synaptics ... interface solutions, today announced that Google has adopted the ... of touch controller solutions to power its newest flagship ... 6P by Huawei. --> ... partners like Google to provide strategic collaboration in the ...
Breaking Biology News(10 mins):