French energy group Total has agreed to buy for an undisclosed amount the distribution business of Brazil's Grupo Zema, in order to expand in Brazil and in the biofuels sector.
Zema Petroleo runs a network of 280 dealer-operated service stations and several oil products and ethanol storage facilities, most of them located in the states of Minas Gerais, Goiás and Mato Grosso.
Total added it planned to expand its activities in the area and hoped to double the number of branded stations within five years, particularly in southeast and central-west Brazil.
Recommended Reading
Germany's Uniper Feeds Wind Power-To-Methane Into Gas Grid
The plant currently produces up to 1,400 cubic meters of synthetic methane a day, which corresponds to approximately 14,500 kilowatt hours (kWh) of energy. With this amount, about 200 gas-fuelled Golf class cars can be supported to each drive 150 kms a day.
Tellurian’s Driftwood LNG Gets Final Environmental Nod
Tellurian Inc.’s proposed Driftwood LNG project in Louisiana took a major step forward on Jan. 18 as the U.S. federal energy regulator issued a final environmental report clearing the way for the company to seek a permit to build the export terminal.
EIA: US Crude Oil Stocks Fall Less Than Expected
Crude oil stocks at the Cushing, Okla., delivery hub for U.S. crude futures rose 330,000 barrels, the Energy Information Administration said in its weekly report.