Pursuant to Rule 13a-16 or 15d-16 of the
20031-912 - Rio de Janeiro, RJ
Federative Republic of Brazil
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F _______
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
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Incorporation of company in Japan for the import and distribution of ethanol
The ownership of Brazil-Japan Ethanol Co., LtD will be shared equally between Petrobras and Nippon Alcohol Hanbai K.K., a state-owned Japanese company with a 70% share in the distribution of ethanol to the Japanese market. Company management will be shared by the two companies, thus combining their distinctive and complementary know-how, technology and experiences for realizing the safe bulk export of quality fuel ethanol from Brazil to Japan.
The new company will seek to identify technical and commercial solutions for inserting ethanol into the Japanese energy matrix in substitution for fossil fuels and in line with the objective of reducing green houses gases, such as carbon dioxide (CO2), and thus contributing to the success of the Kyoto Protocol. In effect since February 16 2005, the protocol – considered to be the most promising of the approximately 200 agreements on the environment under the auspices of the United Nations - provides for the reduction by industrialized countries of emissions of six gases causing global warming.
Strategically, the incorporation of Brazil-Japan Ethanol Co., Ltd. is in line with the objective fixed in the Strategic Plan 2005-2015 for the internationalization of the Company’s business. It will permit Petrobras to break into one of the most complex and important energy markets in the world, both in terms of ethanol logistics distribution as well as providing additional opportunities for the Company in the fuel distribution sector in Japan.
Raul Adalberto de Campos– Executive Manager
E-mail: petroinvest@petrobras.com.br
Av. República do Chile, 65 - 4th floor
20031-912 – Rio de Janeiro, RJ
(55-21) 3224-1510 / 9947
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PETRÓLEO BRASILEIRO S.A--PETROBRAS |
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By: |
/S/ José Sergio Gabrielli de Azevedo
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José Sergio Gabrielli de Azevedo
Chief Financial Officer and Investor Relations Director |
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